London & Cambridge Properties has announced plans to increase warehousing and industrial space at its Pensnett Estate in Kingswinford, West Midlands by speculatively developing 130,000 sq ft of warehouse space.
LCP has submitted plans to Dudley Council for Phase 1, totalling 130,000 sq ft of speculative development If the authority’s planning committee gives the development the go ahead, work could start as early as Q4 2016, with an anticipated completion date of late 2017.
Andrew Preston, industrial portfolio manager at LCP, said this substantial investment would enable businesses looking for industrial or warehouse units of 10,000 sq ft and above to move into premium buildings on an established, secure estate.
“We have decided to press ahead with phase 1 of this speculative development due to void levels being so low on the estate, and enquiries for businesses looking to relocate onto the estate being encouragingly high,” he said.
