Construction of the first truly speculatively built small unit scheme at Bentley Bridge Business Park in Wolverhampton has now started.
Bentley Bridge Business Park is being developed by Clowes Developments UK Ltd and is due for completion by February 2015. The new scheme will be known as Phase 2 and is located off Wednesfield Road, Wolverhampton and will consist of a range of units available from 5,000 sq ft – 33,000 sq ft. The development will appeal to the retail trade counter sector and to smaller e-tailing, warehouse and manufacturing sectors.
James Richards, Development Director at Clowes Developments UK Ltd said: “Following the success of Phase One of Bentley Bridge Business Park which is fully let to chain manufacturer Donghua (UK) Ltd, Principal Hygiene, Euro Car Parts, Toolstation and Wolverhampton City Primary Care Trust we are confident that Phase 2 will be successful. We decided to develop the scheme speculatively as we believe that there is sufficient demand to cater for the new units and allow us to offer new stock immediately to these occupiers.”
Jonathan Robinson of DTZ’s Industrial agency team commented: “Bentley Bridge has established itself as key location for the industrial, retail and leisure sectors in Wolverhampton. The Phase 2 development has been eagerly awaited by occupiers in the area. There have been some positive signs of improvement in the local economy and we have seen several enquiries forthcoming from both existing and new companies looking to expand and put down their roots in the local area.”
“We are very much looking forward to launching Phase Two of the Business Park and already have some very strong interest in the form of Pre-lets and Pre-Sales.”
Steven Jaggers of JLL’s Industrial agency team added: “We can provide both leasehold and freehold opportunities at Bentley Bridge of unit sizes from 5,000 – 33,000 sq ft.”
DTZ and JLL are joint marketing agents on Bentley Bridge Business Park.
