Construction of two speculatively built, Grade A industrial units totalling 256,148 sq ft, has completed at Vaughan Park in Tipton, in the West Midlands.
The units, which have been built on behalf of a commingled fund managed by Kennedy Wilson, are EPC A and BREEAM Excellent-rated.
Vaughan Park provides excellent accessibility to the motorway network, with junctions one and two of the M5 a short distance away.
Luke Thacker, director of CBRE, which is joint agent on the units with Darby Keye, said: “We are excited to officially launch Vaughan Park to the market, providing much-needed high-quality industrial space, immediately available in a key location to serve the major destinations of Birmingham, Walsall, Wolverhampton, Tipton, Oldbury and Dudley, and further afield via the wider motorway network.”
Rob Ferguson, senior asset manager at Kennedy Wilson, added: “With strong levels of demand and limited supply for Grade A space in the Black Country and wider West Midlands, we are very pleased to practically complete on these two new units to meet the needs of the manufacturing and logistics sectors.”
Ashleigh Hayes, associate development manager for Tungsten Properties, said: “Vaughan Park, Tipton is Tungsten Properties’ third project with Kennedy Wilson and again we have delivered two highly specified, Grade A industrial units. The units have been designed with the end occupier in mind and have generated a good level of interest from tenants this far, which is a testament to the location and quality of build.”
