Construction on a speculative 45,000 sq ft development at Schroders Capital’s Hartlebury Trading Estate is making swift progress, with the sustainable mixed-use scheme on track to meet its completion target of Summer 2024.
Contractors Hinton Design and Build broke ground on Hartlebury 45, a high-specification warehouse which will boast an internal height of 10m, dock and level access doors, an 800kVA power supply and a maximum floor loading of 50kN/m2, in October last year, and have made swift progress at the site, with steelworks in place and external cladding underway. The new warehouse at Worcestershire’s largest commercial estate will look to meet the ongoing strong demand for high-quality industrial space within the West Midlands.
Once complete, Hartlebury 45 will target Net Zero Carbon in operation, an EPC A rating, and BREEAM ‘Very Good’ standard, and will include fully fitted office accommodation, a 50m yard area, and 61 car parking spaces for occupiers and visitors.
Rupert Jeffries of Collingwood Rigby, asset managers for the Estate, said:
“Since announcing our plans to speculatively build this warehouse last year in order to fulfil the relentless demand for high-specification mid-box industrial opportunities, we have received consistently high enquiry levels from potential occupiers. Despite the impediment of numerous named storms causing widespread problems throughout the region, our team remains committed to meeting our practical completion target date of summer 2024 and I am delighted to say that we have made impressive progress at the site, with steelwork for the building now in place and the cladding process well underway.
“Once complete, the building’s green credentials will further cement the Estate’s reputation as the region’s premier commercial location for best-in-class business facilities and excellent logistics links.
Rob Cosslett, Fund Manager at Schroders Capital, commented:
“We are pleased that progress at Hartlebury 45 continues at pace, and that we will soon be able add a new sustainable warehouse to the already region-leading industrial units within the wider Hartlebury Trading Estate. Since acquiring the asset in 2013, it has become Worcestershire’s premier trading destination – with industrial tenants benefiting from best-in-class amenities, and its inherently strong transport connections. Our investment in Hartlebury 45 has allowed us to capitalise on the demand for new and sustainable industrial space across the West Midlands and is part of our wider objective of developing high-grade multi-let industrial assets.”
Hartlebury Trading Estate currently houses 100 businesses in over 160 buildings, ranging from 500 sq ft to more than 100,000 sq ft in a fully landscaped environment that extends to over 200 acres.
Occupiers at the Estate include DPD, TNT, Worcestershire County Council, EDM Group, and Forest Garden.