Speculative building at St. Modwen’s £22 million Gateway 12 development in Gloucestershire, is gathering pace with another planning application being submitted this month to build a seventh commercial unit on site for sale or rent.
Subject to planning consent, this detached unit will provide 66,000 sq ft of new commercial space. Two additional detached units, 24,000 and 34,000 sq ft respectively, will also be completed for occupation in 2018. As part of St. Modwen’s wider UK commercial strategy and in response to the heightened demand for industrial and logistics space, the developer is increasing its industrial offering, particularly in the South West which is proving a popular area for this type of product. Reflecting this, another two speculative units are also already underway at Gateway 12 and scheduled to complete next month. These provide 39,000 sq ft and 41,000 sq ft respectively in detached units, each capable of internal subdivision, which will accommodate the needs of any warehousing or industrial operator.
The units are being built by local contractor, Barnfield Construction, they follow on from the completion and sale of the site’s first two 40,000 sq ft premises last year to kitchen firm, ProCook and home furnishing supplier, Warwick Fabrics.
Pete Davies, Senior Development Manager for St. Modwen in the South West says:
“St. Modwen remains committed to accelerating its commercial development activity across 2017 and beyond, particularly for the industrial and distribution sector. Proximity to junction 12 of the M5, makes Gateway 12 an obvious choice for businesses looking for prime quality industrial and warehousing space and our speculative building on site seeks to meet this demand.”
Gateway 12 is being delivered alongside the £150m mixed-use development at Littlecombe in Dursley, Quedgeley West (now complete) and Quedgeley East Business Parks located in close proximity to Waterwells Business Park at junction 12 of the M5. Collectively, these four sites comprise of around 200 acres and have the potential to attract in excess of 6,000 jobs to the area.
