11/23/2016

We are about to start the first stage of a major new speculative development after Dudley MBC planners granted approval for the first phase of a 260,000 sq.ft extension at our flagship business estate in Kingswinford.

Work is scheduled to start before Christmas on four industrial and warehouse units totalling 130,000 sq ft on land to the rear of the LCP headquarters on The Pensnett Estate. It follows our £1.5 million speculative development on Progress Point, 3 years ago which comprises 21,000 sq.ft of high quality warehouse and industrial space on the estate.

"Void levels are low on the estate and enquiries from companies looking to move here is high, which demonstrates a clear demand," said Andrew Preston, industrial portfolio manager.

"It's a major investment for LCP that will reap huge benefits for the local economy and will also bring hundreds of jobs to the area when both phases are completed and up and running."

The Black Country Local Enterprise Partnership (BCLEP) has supported LCP with this latest development. Both parties are working together to bring the site to market.

At 2.4 million sq.ft, The Pensnett Estate is one of the largest secure business estates in Europe, and is home to nearly 170 businesses.

You can find more information on the development here or contact:
Andrew Preston, industrial portfolio manager, on 01384 400123. Alternatively, email apreston@lcpproperties.co.uk

"

Visit the Pensnett Estate website - www.pensnetthub.co.uk