Work on the major, KWB-agented, Redditch industrial/trade park development, Crescent Trade Park, has been completed – and companies are lining up to take warehouse space at the scheme, which is available to buy or to let.
Crescent Trade Park in Moons Moat, which features 24,000 sq ft of commercial and industrial space, with 70 car parking spaces, has been brought forward by MacMullen Associates and developed by Halesowen-based A&H Construction & Developments.
Greggs is already operating from one of the retail outlets to the front of the development and Subway is currently fitting out the unit next door.
KWB and joint agents, Bromwich Hardy, are marketing the £3.5 million scheme, which is already receiving very strong interest. A local company has signed up to take one of the ten industrial/trade counter units and that deal is now in solicitors’ hands, with further interest at different stages on five of the remaining properties.
David Penn, of Bromwich Hardy, said: “We had a lot of enquiries prior to completion and, now there is a finished product, business owners are keen to come along and take a look at Crescent Trade Park. We are holding viewings almost every day and provisional terms have been sent out to several prospective occupiers.
“It’s a really prominent location and is exactly what the area has been crying out for in terms of industrial units for businesses to grow into. The fact that deals have been done with Greggs and Subway is positive news and now, with the scheme completed, interest has really taken off.”
Kenny Allan, Director in the industrial agency team at KWB, said: “Nothing like Crescent Trade Park has been built in Redditch for years, so this is satisfying a pent-up demand and is driving the very high level of enquiries. The flexibility of being able to buy or take a lease on the space is ideal, with the scarce availability of warehouses in Redditch being what it is.
“The whole development has a great feel to it and Moons Moat is the best industrial area of Redditch with great connections to the motorways, which make it a very attractive prospect for businesses looking to locate here.”