Construction work has started on a new £16 million industrial scheme in Birmingham.
The 92,810 sq ft warehouse complex is being developed at the Advanced Manufacturing Hub in Aston by a joint venture of developer Chancerygate and global real estate firm Hines.
Called Aston Gateway, it comprises 18 industrial and warehousing units ranging in size from 3,370 sq ft to 39,022 sq ft.
Contractor Bailey Construction is now on site with work expected to complete next spring.
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Mark Garrity, head of Chancerygate’s Birmingham office, said: “Aston is an area that is going through significant regeneration and we’re pleased to be starting on site on an excellent scheme which will be an important part of that process.
“Currently, there is a lack of multi-unit industrial schemes available in the area to support the needs of businesses so we’re pleased that construction has begun at Aston Gateway to provide much-needed units.
“We’ve had a great deal of early interest already which demonstrates the demand from occupiers for high-quality industrial and warehousing units close to Birmingham city centre.”
The JV team acquired the 3.75-acre site from Birmingham City Council and Homes England in December for £3.35 million.
The Advanced Manufacturing Hub is a joint venture between Birmingham City Council and Homes England and is a 49-acre site designated for regional investment.