The first unit at a multi-million pound speculative development in the Black Country has been completed three months ahead of schedule.
The 20,000 sq ft unit – Building A – at Prime Point, which is being developed by LCP, the leading national property, investment and management company, at its flagship Pensnett Estate industrial estate is ready for occupation.
The adjoining Building B, a 30,000 sq ft unit, has also been built and left as a shell, for incoming tenants to work with LCP to arrange their exact office fit out requirements. Both units can be let in multiples of 10,000 sq ft.
Andrew Preston, industrial portfolio manager of LCP, said: “The contractors have been progressing very well indeed with the development of Prime Point and we are now three months ahead of schedule for the completion of the first unit.
“We’ve also been pleased by the response to the marketing of the site, the level of enquiries we’ve received since we launched the development has been extremely positive.”
When complete, the first phase of Prime Point will comprise a building of 20,000 sq ft and another of 30,000 sq ft, each of which can be split into 10,000 sq ft units to accommodate smaller businesses.
LCP’s appointed agents, Bulleys and Lambert Smith Hampton, have been working with the company to attract new businesses to the area and talks are progressing with a number of interested parties.
Really Useful Products, which manufactures storage boxes for business and home, has already signed a deal to move to a 31,000 sq ft bespoke building on part of Prime Point.
LCP is holding an open day at Prime Point on Wednesday, September 6, between 11am and 2pm, for businesses. Anyone interested in attending should email: [email protected]
The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property. Three years ago, LCP invested £1.5 million in Progress Point, a speculative development on the estate comprising 21,000 sq ft of high quality warehouse and industrial space.
The Black Country Local Enterprise Partnership (BCLEP) has been supporting LCP with this latest development.