With the industrial and warehouse market strengthening since the turn of the year still further, and with the supply of existing storage and industrial stock in and around the M1 Motorway and in particular Junction 28 as thin on the ground as ever, FHP’s clients, PMW Property are to be commended for their intention to bring the return of speculative development to the region. They anticipate starting on site in mid March 2016 with the speculative construction of a 30,000ft² warehouse/industrial unit on their site at Birchwood Way/West Way on the ever popular Cotes Park Industrial Estate at Somercotes, just off the A38 and Junction 28 of the Motorway.
Tim Gilbertson who has been appointed to market the property commented:
“It is great to hear that PMW intend to speculatively build on this site, and we anticipate completion of a prime warehouse/industrial unit in the final quarter of 2016. This building should certainly fill a gap in the market and as ever knowing PMW it will be built to a fantastic specification and offer prime warehouse or production space on a large fenced and gated site.
Our client’s intention is to construct it to a shell at present, with office content possibly to be fitted to the end requirements of the eventual tenant or buyer. The building will benefit from 8 metre eaves offering top quality clear span storage or production space with extensive level access loading.
I am sure given the scarcity of stock in the region that this opportunity will be very well received and with work starting on site in the near future I would be delighted to send through plans and further information to any potential tenants or buyers.
The return of speculative development to the region can only be a further boost to the local economy and if the demand we have encountered in terms of new enquiries since the turn of the year continues it is almost certain that this property will not hang around for long!”
