CONSTRUCTION COMMENCES

02/09/2013 Awaiting news image

London & Cambridge Properties (LCP) has invested £1.5 million in a industrial build project in the Black Country to offer high quality industrial units for businesses looking to move into the area.

The West Midlands-based property company – which owns and manages industrial, retail and office across the UK – is building Progress Point, a 21,000 sq ft warehouse and industrial development at its flagship Pensnett Estate in Kingswinford.

Progress Point will comprise three blocks, with units ranging from 1,500 sq.ft to 9,000 sq.ft. 

Andrew Preston, industrial property manager at London & Cambridge Properties, said: “The Pensnett Estate is one of the largest secure industrial estates in Europe. Tenants benefit from 24-hour estate CCTV security and ample free parking.

“There isn’t much being built at the moment but LCP felt that there is a strong demand for small industrial units in the Black Country to support the Midlands’ growing manufacturing sector.”

Planning permission for Progress Point was granted by Dudley Metropolitan Borough Council. Contractors are currently on site, with the project due to be completed in spring 2014.