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Ground Breaks On Multimillion Pound Speculative Development In Black Country

To celebrate A&H Construction’s appointment to deliver the multi-million redevelopment of Vaughan Park in Tipton, Councillor Paul Moore joined CEG at a ground breaking ceremony.

A&H Construction has been appointed by property investment and development company, CEG, to build five industrial units totalling 80,000 sq ft. Further phases of Design and Build opportunities mean that ultimately this well-located West Midlands business park will offer 500,000 sq ft of high quality industrial and warehouse space.

Councillor Paul Moore, cabinet member for regeneration, said it was encouraging to Sandwell Council to see another speculative commercial development taking place in Sandwell. He said: “There is no doubt that Sandwell offers businesses wishing to expand and grow a chance to move to an area at the forefront of industry, with established supply chains, great access to the motorway network as well as a highly skilled workforce.

“The investment and jobs to be created by the Vaughan Park development are very welcome and is further demonstration of Sandwell being a great place to invest.”

Halesowen based A&H Construction started work on the 28 acre site last week and the units will be ready for occupation later this year. John Maley, from A&H Construction, said: “As a local business we are proud to be involved with this formidable project, our aim is to build on the relationships we have with the local supply chain to ensure this project is delivered as planned and exceeds expectations.” This first phase of units will offer an unrivalled specification with 8 metre internal heights, separate yard and parking in a well-landscaped environment with 24 hour security, CCTV and gatehouse entry.

Lawrence Escott, Investment Manager at CEG, said: “We have appointed a West Midlands construction company as we are keen to see local job and training opportunities created in the area, helping to boost the local economy. The development will deliver high quality industrial and warehouse space set in a secure and very well-located environment. It will help to meet the strong market demand, which has been constrained in recent years through a significant lack of supply.”

Vaughan Park lies on the A457 in an established industrial location within three miles of Junctions 1 and 2 of the M5.

CBRE and Bulleys have been appointed as agents to market the site.

Steve Perriton, Partner at Bulleys, commented: “We are delighted to see this speculative new phase of development taking place on this secure industrial park. This will see not only new development which is very welcome in the Black Country but a quality scheme with good roadside views from the main A457 Tipton Road which we believe will see good interest from occupiers”

 

 

 

 

Issued by Victroia Walker @ CEG.