Plans for a new self-contained business park in Pensnett, Dudley, have been given the go ahead by the local council.
Dreadnought Business Park, which is being developed jointly by Hinton Perry & Davenhill and Antringham Developments, will comprise up to 40,000 sq ft of industrial, warehousing and distribution space.
Property consultants CBRE have been instructed to market the development.
The 2.4 acre site on Dreadnought Road where the park will be built is owned by Hinton Perry & Davenhill and sits adjacent to its Dreadnought Tiles clay roof tile manufacturing plant.
Alex Patrick-Smith, managing director of Hinton Perry & Davenhill, said: “We’re extremely pleased to have secured planning permission for the business park. The redevelopment of the surplus land adjacent to the Dreadnought Tiles factory will deliver much needed new industrial space in the Black Country and create new employment opportunities for the area.”
Tim Blairs, managing director at Antringham Developments, added: “Now that planning has been secured, we’re looking forward to getting on site to deliver this new business park.”
Dreadnought Business Park is located within close proximity of Pensnett Trading Estate, one of the largest secure industrial estates in Europe and home to around 200 companies. The site is also within Dudley’s DY5 Business and Innovation Enterprise Zone, meaning occupiers will benefit from a number of incentives, including a business rate discount of up to £55,000 per year over a five-year period.
Melissa Wase-Rogers, director in CBRE’s Birmingham industrial team, said: “Dreadnought Business Park will provide ‘built to suit’ units from 11,000 sq. ft. to 40,000 sq. ft. on a self-contained site.
“Coupled with the opportunity to save up to £55,000 on business rates for the next five years, Dreadnought Business Park should be high on the list for occupiers looking for grade A space in the Black Country.”