A business park in Droitwich is set to double in size.
Potter Space has unveiled a five-year plan to invest £18m to double the size of its Droitwich site.
Construction has already started, with phase one of the development now underway.
Jason Rockett, managing director at Potter Space, said: “Our commitment to investing £18m to double the size of Droitwich over the next five years represents a major milestone for Potter Space in the Midlands.
“Although we have had nearly 300,000 sq. ft. of buildings on site, we were close to 100 per cent occupancy and recognised the need to meet demand and the growing number of enquiries we were receiving for high quality warehouse units in the region.
“We are therefore looking forward to the opportunity to develop the site further and bring new investment and jobs to the area.”
Potter Space, which owns five business parks across the UK, was granted planning permission earlier this year to speculatively build an additional 105,000sq. ft. of industrial units at Droitwich to add to the existing 286,000 sq. ft site spread over 38 acres.
£10m investment has been committed to the initial phase, which will see the construction of the first two units, measuring 28,360 sq. ft. and 21,895 sq. ft.
Work is expected to be completed by Spring 2023.
Potter Space is also aiming to improve the wellbeing of its customers by extending landscaped areas and creating both dedicated picnic areas and nature walks close to the site.
The company is now welcoming pre-let enquiries, with Fisher German and Harris Lamb joint acting agents for this initial phase.
Rob Champion, partner at Fisher German, said: “As Jason and the team at Potter Space have witnessed, we have seen sustained occupational demand for industrial and warehouse facilities of this calibre in the Midlands and we anticipate interest to be extremely high.”
Charles D’Auncey, director for property consultancy Harris Lamb, added: “Expanding the Droitwich site on this scale puts Potter Space in an enviable position at a time when warehouse space is in such short supply nationally, regionally and locally and there is limited competition in the area.
“The added benefit is that the company will be creating a real home for business – delivering high quality, sustainable buildings on a well-managed, secure and highly accessible site.”
Further information on the project can be found at https://www.potterspace.co.uk/developments/droitwich.