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Work on five speculative industrial units in the Hartlebury Trading Estate is ongoing as the Schroder UK Real Estate Fund continues to respond to demand for more commercial space in the Midlands.
Crossways, a series of units approximately 5,000 square feet each, is being built on the 230 acre property as it reported record-low voids.
Rupert Jeffries, Managing Agent Collingwood Rigby, said, “This year we announced several new opportunities for Hartlebury after we received planning permission to build 30,000 square feet and 45,000 square feet on the property, but we were willing supplement the few remaining warehouses on the property with some smaller lots.
“The work on the five commercial units, of which the smallest has a floor space of 4,936 square meters and the largest over 5,791 square meters, are already being rented individually or combined to form properties from 10,000 to 27,000 m².
“These high-quality units will have an excellent yard supply and parking facilities with electric charging points and each have a floor load of 20 Kn / m2, a working height of 6.6 m, safety lighting and fully equipped offices. All new users will benefit from the property’s secure business park environment with on-site security. “
Charles D’Ancey of Harris Lamb, joint agent alongside Fisher German, added, “Hartlebury is currently at its lowest level with around two percent of the total land available to residents in the region. The Schroder UK Real Estate Fund (SREF) recognized this and wanted to provide immediate access to additional on-site opportunities to accomplish this.
“The property itself is in a prime location in Worcestershire, close to the UK motorway network via the M5 and M42. Due to the continuing shortage of stocks in the entire region, we expect these properties to be used quickly, which is expected to be completed in a few weeks.
The Hartlebury Trading Estate currently houses 90 companies in 130 buildings with an area of 500 m² to over 100,000 m².
The residents of the property include TNT, FedEx, Worcester County Council, the EDM Group, and Forest Garden.
Photo: Duncan Bedhall, Mike Price, and Lauren Allcoat of Fisher German; Neil Slade of Harris Lamb; Rupert Jeffries, Hartlebury Estate; Edward Atkin, Schroders Capital; Duncan Berry, Trinity real estate advisor; Noel Hammett, Hinton Group.
Source: Professional Images / @ ProfImages.