Stoford has completed the final phase of development at the multi-let Spa Park business park in Leamington Spa.
The asset, which was developed in collaboration with BlackRock, will offer almost 320,000 sq ft of new office, R&D, production and distribution accommodation.
A new purpose-built production plant of 166,859 sq ft was pre-let to recycling specialist Berry Global and two of four new speculative units – ranging in size from 24,000-50,000 sq ft – are under offer with a third unit let to a multinational automotive manufacturing company.
The overall scheme comprises nine units and just two units are available at the park.
Edward Peel, director at Stafford, said: “We are very proud to have completed the final phase of development at Spa Park. We have collaborated with BlackRock since 2017 to deliver nine new buildings, providing more than 500,000 sq ft of high quality accommodation in a well-connected site near the M40. The scheme has consistently attracted high calibre occupiers that have created many new skilled jobs in the region. We look forward to letting the remaining available units.”
Peter Monks, senior director at CBRE, added: “Spa Park has provided Leamington and the surrounding area with much needed business space, which isn’t being replicated in the foreseeable future. The scheme has attracted some great occupiers who can see the benefits of being so close to a skilled labour supply and many other high-profile manufacturers. The space is built to the highest specification allowing occupiers to capitalise on reduced running costs and being able to operate from a clean, well-maintained environment.”
