Construction on six new speculative units at St. Modwen’s Great Western Business Park, Worcester, has been completed, providing 25,000 sq ft of new employment space.
The UK’s leading regeneration specialist has pushed ahead with the speculative development in response to strong demand from prospective tenants seeking premises.
The regional industrial market is achieving record levels of occupancy and enquiries are already being registered for St. Modwen’s speculative units, which range from 3,500 to 5,500 sq ft.
Development surveyor Jonathan Green explains: “The first phase of Great Western Business Park has been fully occupied since 2012. This second phase of space is providing further high quality units to the vibrant Worcester market.
“This is part of our rolling programme of expansion and improvements across our Midlands portfolio. St. Modwen is working to meet the upsurge in demand for high quality industrial development across the region.”
Companies already based at Great Western Business Park include car parts and accessories distributor Euro Car Parts, additive manufacturers Materials Solutions, vehicle and wearable technology distributor Nemesis GB, automotive parts distributor Andrew Page, self-storage company Storage King and Altaras International, providers of precision components.
Later this spring, Hereford & Worcester Fire Authority (HWFA) will complete its relocation from its Worcester city centre base at Copenhagen Street to a modern, 20,000 sq ft purpose-built facility at the second phase of the Business Park.
Great Western Business Park benefits from a prime location, just off Tolladine Way and close to both Worcester city centre and junction 6 of the M5. Along with the speculative units, four acres of land has been allocated for design and build opportunities at the Park.
Jonathan adds: “Elsewhere in Worcester, St. Modwen also owns and manages the 275,000 sq ft Shrub Hill Industrial Estate, which has more than 90 occupiers, and Nunnery Way, a 19 acre site on which it is developing employment, showroom and leisure space.
“We have been dedicated to improving the city’s industrial offer for a long time, and that’s why we decided to develop this speculative space at Great Western Business Park.”
