Liberty Property Trust and Stoford Developments have unveiled the first phase of a new £38 million industrial and logistics development in the West Midlands that is set to create 700 new jobs.
Liberty Park, Lichfield was officially launched to an audience of 60 property professionals from the region’s industrial real estate market at the Tattu restaurant and bar in Birmingham City Centre (Thursday, March 28th).
Work has started on two speculative buildings at the 30-acre site, adjacent to the A38 in Lichfield, that will deliver 115,000 sq ft and 48,000 sq ft of Grade A industrial/logistics accommodation.
The new units – L115 and L48 – will comprise 10m internal height, 50KNm2 floor loading, 230 combined car parking spaces, 17 lorry spaces and are expected to achieve an EPC ‘A’ rating and a BREEAM rating of ‘very good’.
Liberty Park, Lichfield benefits from excellent access by road and unrivalled public transport access, being located next to Lichfield Trent Valley Railway Station. Development partners, Liberty Property Trust and Stoford Developments expect to complete construction of the two units at Liberty Park, Lichfield in October 2019.
Andrew Blevins, Managing Director of Liberty Property Trust’s UK operation, said: “Liberty Park, Lichfield is an exciting opportunity providing quality industrial and logistics accommodation in a superior A38 location, which is already proving attractive to occupiers.”
Tony Nash, Director of Stoford Developments, said: “We are delighted to see work start on this major employment project and are looking forward to completing another successful development.”
Liberty Park, Lichfield has planning consent for approximately 441,000 sq ft, including units from 40,000 sq ft to 310,000 sq ft. Major improvements have already been made to site access and infrastructure, including new car parking facilities and the replacement of a road bridge over the West Coast Main Line.
The development is situated approximately 14 miles north of Birmingham, providing speedy access to the A38 and the M6 Toll (Junctions T4 and T5). The site is adjacent to Lichfield Trent Valley train station, with mainline links to London and cross-country links on the Midland’s rail network. Local occupiers include DHL, Newell Rubbermaid, Florette, Tesco and Palletways.
Liberty Park, Lichfield, has been backed by £4million funding through the Government’s Growth Deal and was the first such project to get underway in Staffordshire and Stoke-on-Trent. The funding is part of an £128million package of major Growth Deal projects being delivered across Stoke-on-Trent and Staffordshire by the local enterprise partnership.
Liberty Park, Lichfield is being jointly marketed by CBRE and Avison Young.