‘Big name’ poised to move into new industrial unit on Telford business park
Work to build two brand new industrial units in Telford has been completed – and a 'big business' is close to signing a deal to move into one of them, it has emerged.
The new 31,000 sq ft and 17,545 sq ft units are on the Telford 54 Business Park (T54), which is already home to some of the region’s most notable firms.
T54 was launched in response to the high demand for space in the area, using land sold on behalf of Homes England to create jobs.
The new units include high quality office space and external yards and parking.
Telford & Wrekin Council says a 'big business' has been lined up to move into the larger unit, but has not revealed its identity.
Councillor David Wright, Telford & Wrekin Council’s cabinet member for the Land Deal, said: “This is a case of the council providing speculative units to cater for high demand in the market.
“Our units within the council’s property portfolio are fully let and there is a lack of this type of stock in the borough, so it makes sense for us to step in where developers are reluctant or unable to do so.
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“T54 is in a great location – well-positioned to take advantage of Telford’s excellent transport links and only a few miles along the M54 from the Jaguar Land Rover plant at i54.
“The development of the new units has been funded by the council through the Growth Fund, a £50m funding facility enabling the council to invest and expand its property portfolio and increase its revenue return.
“The site has also been developed as part of Land Deal in partnership with Homes England and the Marches Local Enterprise Partnership.
“It has resulted in significant inward investment and job creation across the borough as well as building new homes.”
Karl Tupling, general manager for Homes England in the Midlands, said: “The completion of these new units as T54 will continue to offer new opportunities for local businesses and employment.
“These opportunities have only been made possible as a result of the Land Deal partnership and will continue to boost what is already a key employment site in the borough.”
The construction project was managed by biT, the council’s award-winning in-house property development consultancy team and the units were built by Morris Properties.
T54 is the borough’s premier employment site and is already home to Magna International, Polytec and AXYZ Automation.
Any inquiries regarding the letting of the units can be directed to estates and investments on 01952 384333 or by email at estates&investments@telford.gov.uk
Details can also be found at estatesandinvestments.co.uk
