Stoford and joint venture partner Liberty Property Trust have submitted detailed plans to speculatively develop three warehouses at their £38m 30-acre Liberty Park scheme in Lichfield, West Midlands.
The warehouses will measure 102,000 sq ft, 31,500 sq ft and 27,000 sq ft respectively and, subject to planning approval, work could begin on site this summer.
Liberty Property Trust’s managing director Andrew Blevins said: “Our investment in three speculative units is in response to demand in an undersupplied market and to our belief in Liberty Park’s excellent location adjacent to the A38 and close to the M6 Toll.”
Tony Nash, director at Stoford, added: “It is great news that we should be able to start onsite at Liberty Park soon. Units of this size are in high demand and we have purposely made the two small units easily dividable to enable further accessibility for growing businesses in the area.”
Letting agents are CBRE and Avison Young.