New regeneration plans have been unveiled to create an industrial park in the Black Country.
Longbridge-based Trebor Developments and Schroder Real Estate Investment Management have teamed up to redevelop the site in Steelpark Way, Wednesfield.
The application site houses a Tata Steel service centre but will be renamed Revolution Park and contain a range of industrial and logistics units from 25,000 sq ft to 200,000 sq ft.
A planning application will be submitted shortly with the aim of the units being available for occupation from next summer.
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Philip Scott, investment manager for Schroder, said: “Take up for industrial and logistic units across the UK continues to grow as covid-19 not only fast forwarded the growth in online retail but also prompted manufacturers and retailers to review their supply chains and hold extra stocks of key items.
“Sustainability is an integral element of our investment process and has become a key requirement from industrial occupiers.
“The redevelopment of Revolution Park will create one of our greenest industrial assets and help to futureproof the site by delivering high quality, environmentally friendly, lower cost buildings for tenants.
“We therefore hope the redevelopment will result in maximum levels of tenant interest, longer term leases and increased rents which will deliver strong returns for our investors.”
Bob Tattrie, managing partner at Trebor, added: “This outstanding site in a very well-established industrial location will deliver a range of build-to-suit accommodation for local, regional and national industrial occupier requirements.
“We are delighted to be working with Schroder to bring forward the development of this site and maximise its potential.”