Goold Estates is to develop a 70,000 sq ft speculative shed scheme at the Steelpark Trading Estate in the West Midlands.
Wolverhampton Council has granted permission for the 4.5-acre scheme at Steelpark Way and Bearing Drive, Wednesbury. Construction is due to start at the end of the month.
The site is 8.5 acres in total, and includes four acres of wetland that is home to great crested newts.
Finance Birmingham has arranged speculative development finance to help fund the project through the West Midlands Combined Authority Collective Investment Fund.
Dominic Goold, managing director of Goold Estates, said: “All the units are being built speculatively, for sale or lease, because we are confident there is a strong demand in the market.
“These will be high-quality industrial units in a sought-after location with excellent access to the motorway network, being just 4.6 miles west of J10 of the M6 and four miles south of J1 of the M54.”
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