Plans for the third phase of a multi-million pound business park in Leamington Spa that could bring hundreds of jobs to the Warwickshire town have been given the go-ahead, leading property developers Stoford Developments has announced.
The joint development with leading asset management company BlackRock, will see the 31.7-acre site on Tachbrook Road transformed with the construction of seven industrial units at Spa Park.
Work is due to start shortly on phase three at the site – once home to Leamington’s largest employer Automotive Products. The development is expected to create hundreds of new jobs and bring further investment to the area.
The industrial/warehouse units, complete with ancillary offices, will be available from 30,000 sq ft to 288,000 sq ft and will be suitable for light industrial/business, general industrial and storage and distribution (B1, B2 and B8 classes).
Warwick District Council’s planning committee has approved the plans for the development, which is within an allocated employment site within the local authority’s local plan.
Dan Gallagher, Stoford joint managing director, said: “Now that we have planning consent we are looking forward to starting construction. Demolition of existing buildings will start in April. This is a significant development that will create much-needed business units of a size that are very much in demand in this area. We are confident that this new scheme will generate huge interest from prospective occupiers based on the positive discussions we have already had. We hope to make announcements on the first occupiers in the not too distant future.”