Developer Chancerygate has been given planning permission to build a 72,007 sq ft light industrial and warehousing scheme at Forge Industrial Park in Minworth, Sutton Coldfield.
The freehold scheme, which has a gross development value of £10.55m, will include 11 units ranging from 4,467 sq ft to 24,003 sq ft.
Chancerygate bought the 3.1-acre site last August and work to demolish an existing 69,000 sq ft industrial building is due to begin in November.
Located next to Minworth Trade Park, Forge Industrial Park is located 2.2 miles from junction 5 of the M6, three miles from junction 9 of the M42 and seven miles north east of Birmingham city centre.
Mark Garrity, development director at Chancerygate, said: “We’re seeing ever increasing demand for high quality industrial units across the Midlands, driven in part by the shifting retail landscape. Many retailers are now looking to take prime warehousing space as they move a greater share of their business towards ecommerce and click-and-collect models. At the same time, we’re also seeing increased appetite from institutional investors who are increasingly looking at industrial property as an attractive asset class.
“Our site at Forge Industrial Park is located within one of the West Midlands’ most established industrial locations. It will be an excellent place for both businesses and investors looking for freehold industrial space that provides easy access to Birmingham city centre and key national transport routes such as the M6 and M42.”
