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Commercial Property

Work completes on new Black Country logistics warehouse

St Francis has developed Parallel 113 in Walsall

Parallel 113 warehouse in Darlaston Road, Walsall

Work has completed on a new £9 million industrial warehouse in the Black Country.

The speculative Parallel 113 development in Walsall covers 113,641 sq ft, has 106 parking spaces and is aimed at logistics operators.

The project in Darlaston Road has been led by investment and development group St Francis, working with main contractor MCS Group.

Gareth Williams, development director at St Francis Group, said: "We have reached practical completion by the target date and the unit is now immediately available for occupation.

"Given the prevailing levels of occupier demand in the area and the lack of supply, we are confident of announcing a letting very soon."

Christian Smith, director of property agency Savills which is letting the scheme, said: "This brings much needed high-quality stock to the Black Country.

"It should appeal to logistics businesses and local occupiers looking to upgrade to a more efficient building."