Prime Point 14, new speculative industrial development, Stafford
Leading Midlands Commercial developer, Trebor Developments, have teamed up with development and construction partner, Seddon, and agreed contracts to purchase a 11.7 acre site in Stafford, adjacent to Redhill Business Park.
The site, known as Prime Point 14, represents the last plot remaining adjacent to Prologis Park, Stafford development, which delivered over 1 million sq ft of industrial and logistic accommodation over the last 10 years.
The Trebor/Seddon partnership have entered into contract to purchase the site, subject to planning consent being granted. A planning application was submitted this week for two high quality industrial units of 76,400 sq ft and 64,200 sq ft. The developers propose to develop the first building on a speculative basis, with delivery during 2017.
This major scheme comes on top of another speculative industrial development of 115,000 sq ft, which Trebor are delivering on the adjacent Redhill Business Park (Project Triton), which is due for completion in December 2016.
Bob Tattrie, Managing Partner of Trebor Developments, on behalf of the partners commented, “Subject to the grant of planning on this employment site, we look forward to delivering with our partner, Seddon, further quality, speculative, industrial accommodation in Staffordshire to meet growing occupier demand. Construction will be undertaken by Seddon Construction’s Birmingham branch, allowing us to deliver the buildings using our fast track development method. This is a further exciting industrial scheme to meet Midlands’ demand and illustrates financial commitment post Brexit”.
The development partners have appointed BNP Paribas and Savills as joint marketing agents.