A freight forwarding firm is to open a new hub on a West Midlands business park.
Avon Freight Group is taking the largest unit at Velocity 42 in Redditch, creating a 93,720 sq ft state-of-the-art storage and distribution facility.
It is due to begin operations in November but will retain its current base in Hemming Road, Redditch, as its headquarters.
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This is the second occupier to sign up for space at Velocity 42 where brownfield regeneration specialist St Francis Group and developer the Richardson family have built 330,000 sq ft of speculative space to attract new business to the area and assist local occupiers in their growth plans.
The first tenant was local business Heartbeat 海角视频, a specialist in the design and manufacture of retail displays, which moved into a 45,462 sq ft unit on a 15-year lease in August.
Richard James-Moore, industrial and logistics director with consultancy JLL, advised on the deals with Avon Freight Group and Heartbeat 海角视频.
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He said: "The park's name came from its location between junctions two and three of the M42 which is a long-established area for distribution and manufacturing companies.
"St Francis Group was so confident of the pent-up demand that they decided to proceed in a single phase and on a speculative basis.
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"It has been particularly pleasing the first two occupiers are exactly the kind of company for which the scheme was intended.
"Locally based, successful and ambitious which are winning new clients and need quality space in which to continue their growth.
"We're already in discussions with other potential occupiers for the remaining three units and I'm optimistic we'll be able to announce a third occupier before the end of the year."
JLL are joint property agencies for Velocity 42 with the Birmingham office of Savills.