Breaking Ground in Measham
Birmingham-based Stoford Developments has celebrated the start of building work on a new £10 million warehousing and distribution scheme in Leicestershire.
The 140,000 sq ft facility at Measham will benefit from a strategic location just 1.5 miles from junction 11 of the M42 at the hub of Britain’s motorway network.
The development has been pre-sold to PRUPIM, one of the UK’s leading real estate investment management companies.
The speculative scheme, being constructed by Laser Build on ten acres of land acquired from Leicestershire County Council, is scheduled for completion in December 2007.
Stoford Director Dan Gallagher said: “This first class warehouse facility is being built at one of the few prime sites to have become available in the area over the past few years. With its outstanding location close to major motorways, and a high quality supply of labour, we are confident that it will generate strong demand.”
