New warehouse set for trading estate

A warehouse of 45,000 sq ft is set to be speculatively built at Hartlebury Trading Estate in Worcestershire.Schroders Capital UK Real Estate Fund (SCREF) has invested in the speculative construction of a mixed-use scheme at the commercial estate, following the success of similar projects nearby.Hartlebury 45 will provide warehouse and office space to be completed to Net Zero carbon in operation, as well as a 50m yard area and 61 car parking spaces for occupiers and visitors.Rob Cosslett, fund manager at Schroders Capital, said: “SCREF continues to see growing occupier demand for best-in-class industrial space in key UK regions, including within the West Midlands, with strong transport connections and high ESG credentials.”We are capitalising on this demand by significantly expanding the industrial space offered at Hartlebury 45, with this newly approved development.”Rupert Jeffries of Collingwood Rigby, asset managers for the estate, added: “The demand for space at Hartlebury Trading Estate is consistently high, with the site currently experiencing minimal void.”Last year we refurbished an industrial scheme to provide an additional 27,000 sq ft of commercial space across five units – all of which were swiftly let to local and regional businesses. This followed assistive devices developer ETAC taking occupation of a 30,000 sq ft built-to-suit distribution centre earlier in the year.”Our intention is to further satisfy the demand for high specification solutions within the region with the development of Hartlebury 45, which will provide extensive parking and yard-space. This newly constructed space will benefit from the excellent connectivity and a secure business environment that we offer to all of our occupiers.”Construction will begin in October 2023, and the warehouse is expected to be ready for occupation by the summer of 2024.