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PRIVACY
Commercial Property

Two new warehouses constructed at multi-million pound business park

The units mark the completion of the first phase of the development

An aerial view of the new units at Spa Park

Two speculative warehouses have been built at a multi-million pound business park.

Birmingham-based Stoford Developments has constructed the two units - totalling almost 92,000 sq ft - at Spa Park, in Leamington Spa.

The completion of units 3 and 4 mark the end of the first phase of the scheme, which is being jointly developed by Stoford and asset management company BlackRock.

Edward Peel, development manager at Stoford Developments, said: "We're pleased to have completed this critical first phase of the development and are confident that our investment in these two high-quality speculative units will attract ambitious businesses to Spa Park.

"Despite the challenges of 2020, we are still seeing a strong demand for units of this size at the park, thanks to its strategic location and excellent road network. We are talking to a number of interested businesses and hope to be able to welcome new occupiers soon."

Units 3 and 4 at Spa Park comprise 61,075 sq ft and 30,715 sq ft of space respectively, including ancillary offices, and are suitable for advanced manufacturing, e-fulfilment and distribution uses.

The units - which are now available to let - sit alongside a 50,000 sq ft unit, which is occupied by Liberty 920E and US-based Martin Sprocket & Gear, which occupies 41,173 sq ft of warehouse and office space.