The final stage of a major industrial development in Wolverhampton has completed, leading commercial developer Stoford Developments has announced.
The practical completion of Pantheon Park, near Bentley Bridge Retail Park in Wednesfield, which was achieved during the Covid-19 lockdown period, marks the end of a 12-month building programme by appointed contractor A&H Construction.
The prime industrial and logistics park, which comprises four highly specified grade A industrial/warehouse units that provide between 30,000 sq ft and 133,000 sq ft, has been delivered by Stoford Developments and specialist sustainable and impact investor Bridges Fund Management. The development has been funded by Royal London Asset Management (RLAM) and represents one of the largest speculative developments in Wolverhampton.
Angus Huntley, Development Manager, Stoford Developments, said: “It’s great news to have achieved practical completion on this significant development in Wolverhampton. Pantheon Park’s high-quality units are in a strategic location that will appeal to major occupiers in the region. We are in discussions with interested parties and hope that the scheme will enable occupiers to benefit from the good employment opportunities available in the city.”
Guy Bowden, Partner, Property Funds, Bridges Fund Management, said: “It is good to have reached practical completion on a project that has remediate 18 acres of brownfield land, which had remained as a vacant site for over a decade. When the units are fully occupied, we estimate that approximately 450 new jobs will have been created.”
Pantheon Park is also home to the Arnold Clark car dealership and storage company Lok’nStore.
Pantheon Park is situated in a prime industrial and logistics location just 2 miles from Wolverhampton city centre, 4 miles from M6 (J10) via the A454, and 3.4 miles from Junction 1 of the M54. The site also benefits from its close proximity to the M6 Toll, M5, M54 and M42 motorways.