Hillwood and Trebor Developments have unveiled plans to build a new multi-million-pound warehouse in Shropshire that will bring new jobs and investment to Telford.
National commercial property consultancy Lambert Smith Hampton (LSH), and regional surveyors Bulleys Bradbury have been appointed to market the 70,540 sq ft in-demand speculative unit.
Rod Spiby, Director at Bulleys Bradbury, said: “The new development that has taken place at Hortonwood West over the last two years has been a great success. This new unit will be prominently located on a corner plot, built to Trebor Developments’ usual high standards, offering a unique opportunity in the Telford area. The lack of supply and strong demand for this quality of building is already resulting in strong interest.”
LSH Birmingham’s Head of Industrial Agency Matthew Tilt believes that Trebor’s decision to build the unit demonstrates its confidence in a market which businesses across the region struggle to find high-quality units to match their relocation plans.
Matthew adds: “No developer has speculatively built any warehouse or industrial unit on this scale in Telford for a very long time. There is a shortage of high-quality units like this, particularly in the mid-box range, meaning that businesses are struggling to find suitable property in Telford should they want to relocate or grow their operations,
“I am confident that there will be a huge amount of interest in this development as it is a size that is in demand and is in an excellent location for the motorway network, being just four miles from the M54. We’ve already had several expressions of interest.”
Known as Ore70, the Hortonwood unit will have a 12-metre minimum working height, six dock level loading doors, two ground level loading doors and a secure yard. The unit will also feature a power supply of up to 1 MVA, fitted first floor offices, and resides in a prominent position facing on to the A442 Queensway.
Bob Tattrie, Managing Partner of Birmingham-based commercial property specialists Trebor Developments, said “With little new-build speculative industrial development built in this area for many years, we believe this quality unit will meet occupiers’ requirements for new accommodation on an excellent business park, of which this is the final industrial plot. We look forward to delivering in 2020.”