Work is underway on phase two of multi-million-pound speculative industrial development, Prime Point in the Black Country.
Located in Kingswinford West Midlands, the site is being delivered by national commercial property and investment company, London & Cambridge Properties (LCP).
LCP is bringing forward nearly 100,000 sq ft of industrial units to their flagship property ‘Pensnett Estate business park with several clients already committing to significant space on site.
Nicholas Burgess, Managing Director of LCP, said: “This is a significant investment for LCP, but we have demonstrated that there is strong demand for units of this type and size,” he said.
“With three of the units already taken, we’re looking forward to delivering the scheme and building on the success of phase one Prime Point. Our appointed agents have already received enquiries about the last unit, and we hope to announce occupiers in the coming weeks.”
The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property.
Three years ago, LCP invested more than £13m in the first phase of Prime Point, which will deliver approx. 170,000 sq ft of high-quality warehouse and industrial space.
Units at Pensnett Estate are still available, for more information, please click here.