Property development and investment company Graftongate is leading development for this project; on behalf of Legal & General Investment Management; LSH, Avison Young and MWRE are joint agents.
Graftongate Development Manager Marcus Phayer said: “There is a real lack of supply of ‘mid-box’ product, which is why the decision has been taken to demolish two obsolete office buildings and redevelop the site through providing three best-in-class industrial and logistics units, totalling 180,000 sq ft.
“Our JV Partner, Legal & General, pride themselves on bettering the business park experience at Fradley, and we are proud to work alongside them and fulfil that goal by delivering these well specified and much desired mix-box units to fill the supply void.”
The demolition process for the existing office buildings on Wellington Crescent site is complete with construction already underway; completion is targeting Q1 2020.
The development, known as The Wellington Trilogy pays tribute to the heritage of Fradley Park’s former life as RAF Lichfield, Staffordshire; with the units to be named Pegasus, Perseus and Merlin after the former pioneering aircraft engines.
Unit Pegasus is delivering 50,000 sq ft, including 3,190 sq ft of office space and 47 parking spaces.
Perseus is 60,000 sq ft and includes 3,720 sq ft of office space and 45 parking spaces; unit Merlin provides 4,215 sq ft of offices with 60 parking spaces across a total of 70,000 sq ft.
Matthew Tilt, Industrial Agency Director at LSH in Birmingham, said: “Development of The Wellington Trilogy will deliver three units with the market-leading specification, offering companies operating from them the chance to excel within their marketplace.
“The sizes of the units fit within the highly sought-after mid-box industrial and logistics market, and they sit in a proven and established location with excellent access to the region’s motorway network and main arterial routes. We are expecting there to be a huge amount of interest from potential occupiers.”