Stoford And BlackRock Begin Phase Three Of Spa Park

Work has begun on the third phase of a multi-million pound business park in Leamington Spa, which will bring 180,000 sq ft of new industrial units to the town.Leading property developer Stoford Developments is building four units and has already signed up Liberty 920E, part of the prestigious Liberty Vehicle Technologies, for a 50,000 sq ft unit at the park, which is located on Tachbrook Road.A further three units of 30,000 sq ft, 40,000 sq ft, and 60,000 sq ft, all with ancillary offices and suitable for advanced manufacturing and e-fulfilment and distribution uses (B1, B2 and B8 classes), will also be constructed.When it is fully operational, Liberty 920E’s state-of-the art, flagship 50,000 sq ft centre will become a global hub for its research and development and engineering expertise, housing house more than 100 technical professionals, including 40 new engineering posts. The company, which employs 5,000 people in the UK, is a Tier 1 supplier to major automotive manufacturers domestically and overseas.The centre, adjacent to its original plant, will also house Liberty’s Vehicle Technologies, 920Engineering (920E) and Shiftec businesses, which are internationally renowned for their advanced lightweight braking and control systems respectively.Contractor Benniman has been appointed to undertake the first tranche of phase three construction, which is due for completion in Q4 this year.Stoford is retaining a large portion of the site that will enable it to construct units ranging from 30,000 sq ft – 290,000 sq ft on a build-to-suit basis.Spa Park is ideally located, close to the A46 and junctions 14 and 15 of the M40. Leamington Spa train station is less than one mile away. Spa Park is already home to lingerie and swimwear brand Bravissimo, Detroit Electric and global medical company Smith + Nephew.For more details about Spa Park, visit www.spapark.co.uk