Wolverhampton set for jobs boost as Pantheon plans approved
Plans have been approved for a multi-million pound industrial/warehouse scheme that is set to generate significant employment opportunities in the West Midlands.
Commercial property developer, Stoford Developments and specialist sustainable and impact investor, Bridges Fund Management, will develop four Grade A industrial/warehouse units at Pantheon Park in Wolverhampton, after planning consent was granted by the City of Wolverhampton Council.
Work will start in March on the four units, which vary in size from 2,700m² to 7,700m² with practical completion scheduled for November 2019. A&H Construction has been appointed as contractor.
Stoford Developments’ Development Manager Angus Huntley said: “Pantheon Park is a high-quality scheme that will appeal to local and national occupiers and create job opportunities for people in the Wolverhampton region. We’ve worked hard to get the site ready for development following an extensive programme of remediation and demolition, supported by a loan of over £2M by the Black Country LEP.”
Bridges Fund Management Partner Guy Bowden said: “The new development is a response to strong occupier demand, while also having a positive impact on the local area. The remediation work has regenerated a brownfield site that has been derelict for over a decade.
“We will be using sustainable construction technology to achieve a BREEAM rating of ‘Very Good’ and we expect approximately 250 jobs will be created once fully occupied. We are delighted to be working with Stoford and Royal London on such an exciting project.”