Liberty Property Trust and Stoford Developments come together to reveal the first phase of its new £38 million industrial and logistics development located in West Midlands.
Estimated to create over 700 jobs, work has commenced on the 30-acre site in Lichfield, which features 115,000 sq ft and 48,000 sq ft of Grade A industrial and logistics accommodation.
The units L115 and L48 will have a height of 10m with 50KNm2 floor loading and 230 spaces for cars as well as 17 lorry spaces; Liberty is aiming to achieve EPC ‘A’ rating as well as a BREEAM rating of ‘very good’ when complete.
Andrew Blevins, Managing Director of Liberty Property Trust’s UK operation, said: “Liberty Park, Lichfield is an exciting opportunity providing quality industrial and logistics accommodation in a superior A38 location, which is already proving attractive to occupiers.”
Liberty Park has already reached out to an audience of 60 different property professionals in the industrial real estate market. They benefit from excellent access by road and public transport, close to the Lichfield Trent Valley Railway Station. Development partners are expecting the construction to complete for Liberty Park by October 2019.
Tony Nash, Director of Stoford Developments, said: “We are delighted to see work start on this major employment project and are looking forward to completing another successful development.”
Lichfield Park is backed by the Government’s Growth Deal and has received £4 million from funding with the first project to go underway in Staffordshire and Stoke-on-Trent. The government has a total of £128 million in funds to inject the growth of deal projects being delivered across Stoke-on-Trent and Staffordshire which are done by local enterprise partnerships.
Lichfield Park will be marketed by appointed join agents: Avison Young & CBRE