WORK on the first stage of a major speculative development at a Kingswinford trading estate has begun.

Construction workers were due on site at the Pensnett Trading Estate at the beginning of this month and will be building new units behind London & Cambridge Properties’ (LCP) headquarters.

The configuration of the four industrial and warehouse units, totalling 130,000 sq ft, means that potential tenants can take units between 10,000 and 40,000 sq ft, said Andrew Preston, LCP’s industrial portfolio manager.

Mr Preston, who’s company has been supported by The Black Country Local Enterprise Partnership (BCLEP) with the latest development, added: “Void levels on the estate are low and we are receiving enquiries every week from companies looking for units in this size range, so we believe that this first phase will be very popular with businesses looking to relocate to the area.

“This is a significant investment for LCP that will be a real boost for the local economy. We are excited that the first phase will be underway shortly and look forward to welcoming new tenants to The Pensnett Estate.”

The completion of the units, which will be part of the newly named ‘Prime Point’ site, is expected in November 2017.

Three years ago, LCP invested £1.5 million in Progress Point, a speculative development on the estate comprising 21,000 sq ft of high quality warehouse and industrial space, making The Pensnett Estate one of the largest secure business estates in Europe.