London & Edinburgh Trust have bought a 15-acre site on Alvechurch Highway, Redditch, from the borough council for an undisclosed sum and are to build an £11m, 140,000-sq ft retail park on the land.
The six-unit, non-food project will have buildings ranging in size from 10,000 sq ft to 40,000 sq ft, plus a free-standing restaurant of 3,000 sq ft to 5,000 sq ft. Rents of £6 per sq ft-plus are being sought.
Work should start in January next year and the scheme should be ready in August 1988.
The site was bought for LET by Robertson Milne & Partners.
Richard Ellis and Grimley & Son are letting agents.
