In a further sign of inward investment to develop the logistics industry in the south west, national property and construction consultancy Wakemans is underway with a new £110million industrial development at the thriving St. Modwen Park Gloucester.
A long-time partner of developer St. Modwen, Wakemans is acting as employer’s agent, quantity surveyor and principal designer/health and safety advisor on the scheme, which will provide approximately 935,000 sq. ft. of industrial and warehouse space across 14 units.
The 58-acre Stonehouse Lane site occupies a prime central location four miles south west of Gloucester and is close to the M5 motorway, which runs along its western boundary.
The scheme will be built in stages. Phase one has contract value of around £20million and will provide three high quality units totalling 173,166 sq. ft. Contractor Winvic Construction is on schedule to complete the works by December.
Wakemans Divisional Director Tony Hooper said: “St. Modwen’s credentials as a regeneration specialist are second to none and this new scheme will open up more quality accommodation for a wide variety of industrial, engineering and distribution businesses across the south west.
“For existing tenants at St. Modwen Park Gloucester who are looking to expand, this new development heralds an opportunity to build on their achievements to date and capitalise on a prime location.”
Unit 1 is a steel frame detached warehouse of 55,583 sq. ft. with integrated office plus fully clad elevations and roof. As well as vehicular access at both ends, there are hard standing areas well-suited to open storage. Units 2 and 3 are of similar construction and will provide 44,860 sq. ft. and 72,723 sq. ft. of space respectively.
Next, Wakemans will go out to tender for improvement works at junction 12 of the M5. Incorporating overnight slip road closures, they are expected to be completed by April 2020.