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New £1.5m development at Pensnett Trading Estate
10:53am Wednesday 4th September 2013 in Local
A WEST Midlands property company is investing £1.5m in a new speculative development at its flagship Pensnett Trading Estate in Kingswinford.
London & Cambridge Properties (LCP) is building Progress Point - a 21,000 sq ft warehouse and industrial development on the estate off Dudley Road.
Comprising three blocks with units ranging from 1,500 sq ft to 9,000 sq ft, the development aims to offer high quality industrial units for businesses looking to move into the area.
Andrew Preston, industrial property manager at LCP which manages industrial, retail and office space across the UK, said: “The Pensnett Estate is one of the largest secure industrial estates in Europe. Tenants benefit from 24-hour estate CCTV security and ample free parking.
“There isn’t much speculative development being built at the moment but LCP felt that there is a strong demand for small industrial units in the Black Country to support the Midlands’ growing manufacturing sector.”
Planning permission for the scheme has already been granted by Dudley Council. Contractors are currently on site and the project is due to be completed in spring 2014.
The estate, currently home to top name tenants including Helix, Kennametal, Sven Christiansen, Intralox, Handicare and Booker Cash & Carry, comprises around 2.3 million sq ft on a 185-acre site, with 25 acres available for future development.
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