Two speculative warehouses have been built at a multi-million pound business park.
Birmingham-based Stoford Developments has constructed the two units – totalling almost 92,000 sq ft – at Spa Park, in Leamington Spa.
The completion of units 3 and 4 mark the end of the first phase of the scheme, which is being jointly developed by Stoford and asset management company BlackRock.
Edward Peel, development manager at Stoford Developments, said: “We’re pleased to have completed this critical first phase of the development and are confident that our investment in these two high-quality speculative units will attract ambitious businesses to Spa Park.
“Despite the challenges of 2020, we are still seeing a strong demand for units of this size at the park, thanks to its strategic location and excellent road network. We are talking to a number of interested businesses and hope to be able to welcome new occupiers soon.”
Units 3 and 4 at Spa Park comprise 61,075 sq ft and 30,715 sq ft of space respectively, including ancillary offices, and are suitable for advanced manufacturing, e-fulfilment and distribution uses.
The units – which are now available to let – sit alongside a 50,000 sq ft unit, which is occupied by Liberty 920E and US-based Martin Sprocket & Gear, which occupies 41,173 sq ft of warehouse and office space.
Stoford and BlackRock will also construct a second phase, with units of 30,000 sq ft to 290,000 sq ft, available on a build-to-suit basis.