Plans have been revealed for a new £77 million logistics park in Birmingham.
Called Torque, the project would comprise 270,000 sq ft of urban logistics space at the corner Gunter Road and Chester Road in Erdington.
The aim is to create 22 leasehold units ranging from 4,500 sq ft to 60,000 sq ft out of existing buildings on the site.
A planning application for the speculative development has now been submitted to Birmingham City Council. The site was previously used as an automotive component manufacturing facility.
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The project is being led by a joint venture of developer Chancerygate and investor Bridges Fund Management which sait it was already in discussions with two parties over possible land sales.
If given the green light, it would be nestled in an already densely popular area of the city for warehousing and out-of-town retail and would count Jaguar Land Rover, Volvo and Selco Builders Warehouse among its near neighbours along with Ravenside Retail Park.
Rob Watts, development manager based in Chancerygate's Birmingham office, said: "There is unsatisfied demand from SME occupiers in Birmingham and across the West Midlands for high-quality, sustainable urban logistics units in prime locations.
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"Torque will aim to satisfy this through providing flexibly sized, high-specification space on what is regarded as one of the city's most prominent sites.
"Our proposed plans will regenerate a redundant building into new grade A accommodation which will be of interest to a range of prospective occupiers.
"We look forward to working with Birmingham City Council and stakeholders to bring forward this much needed highly specified development."
Guy Bowden, partner at London-based Bridges Fund Management, added: "We hope to transform this disused building into high-quality, highly sustainable logistics units that can support new jobs and boost the local economy.
"Erdington is an ideal location for this kind of development and we believe these units will be attractive to a wide variety of SME occupiers."