A MULTI-million pound speculative development in Kingswinford is beginning to take shape, with the construction of the steel frame well under way.
‘Prime Point’, made up of four industrial and warehouse units totalling 130,000 sq ft, is being built on a site at commercial property investment company LCP’s flagship Pensnett Estate.
Work began just before Christmas and with the steel frames now up on Block A and B, it is on course to achieving its completion date of November.
Marketing agents from commercial property specialists Bulleys and Lambert Smith Hampton (LSH) joined LCP to mark the milestone in the construction, which is being undertaken by Telford-based McPhillips.
Andrew Preston, LCP industrial portfolio manager, said: “This is a significant investment for us and we are pleased to see it taking shape.
“With the construction of the units well underway and two marketing agents on board, we expect to see further interest from businesses that want to locate or expand their operations here.”
Matt Tilt, director of industrial agency at LSH, said: “It's great to see Prime Point taking shape. Very few developers are providing new small and medium units in the region, despite there being a clear lack of supply.
“With strong current demand, we are optimistic about attracting occupiers to the units.”
Noel Muscutt, partner at Bulleys, added: “This is a very exciting time at The Pensnett Estate. There is a real lack of supply of available industrial units across the region for occupiers, and the timing for the construction of the Prime Point development couldn’t be better.”
The Black Country Local Enterprise Partnership (BCLEP) has been supporting LCP with this latest development.