Leading property developer, Stoford, has been appointed as the specialist delivery partner to support proposals for strategic employment land in Shropshire.
The 39-hectare site is expected to deliver around 16-hectares of new commercial floorspace.
Stoford has signed a development agreement with the land owner, Ruckley Estate and Harrow Estates to bring forward the site on the edge of Shifnal, adjoining the existing Shifnal Industrial Estate to the nearby Jct 3 of the M54.
The site is a proposed major employment allocation in the emerging Shropshire Local Plan and Stoford is already experiencing strong levels of early occupier interest in the site.
Stoford is an award-winning property developer that has delivered more than 2.5 million sq ft of industrial/logistics accommodation in the last twelve months alone.
Recent schemes include a new 667,000 sq ft UK parts distribution centre for Stellantis at Ellesmere Port and a £93 million state-of-the-art distribution centre in Staffordshire on behalf of UK-leading pet care business, Pets at Home.
Andy Hartwright, Land Director at Stoford, said: “We look forward to working with Ruckley Estate and one of the UK’s best-in-class land promoters, Harrow Estates, to deliver this much needed commercial development scheme. There are already several interested parties in the site given its accessible location near Telford and Wolverhampton, in a region starved of quality development opportunities.”
Keith Ashbourne of Ruckley Estate, said: “This exciting development will mean jobs on the doorstep for the people of Shifnal. Having seen first hand the high quality build standards achieved by Stoford, we had no hesitation in joining forces with them.”
Guy Vernon, Head of Land at Harrow Estates, said: “This development agreement with Stoford, a UK leading occupier-led developer, demonstrates our commitment to delivering this employment allocation. Stoford’s reputation for high quality development, at national scale, will give further confidence to occupiers to invest in Shifnal and contribute towards its long-term prosperity east of the county.”
The site is currently being marketed by Fisher German and interested parties should contact either Mike Price at Fisher German or Andy Hartwright at Stoford.
