Planners have given the green light for the next phase of a popular office development at Wolverhampton Business Park.
Permission has been granted for 48,000 sq ft of offices on plot nine – Exchange Court.
In light of the high levels of pre-let occupancy clinched across the first phases of the development – including recent lettings to the Royal Bank of Scotland and HSBC – developer Broadlands Wolverhampton brought forward the next phase.
The firm says the development aims to meet increasing demand for high specification office space.
Jonathan Rogers, of Broadlands Wolverhampton, said: "The significant investment and interest we have already seen has encouraged us to move quickly with the submission of plans for the next phase. The local market continues to strengthen as regional and national businesses recognise Wolverhampton is fast becoming a major office location in the West Midlands."
Ralph Jones added: "Exchange Court will be the fifth phase of offices developed at Wolverhampton Business Park and we believe the sustained interest in high specification accommodation in the area strengthens the argument for more."
Exchange Court will comprise 48,000 sq ft of Grade A office space across two buildings. The L-shaped premises will each comprise 24,000 sq ft over three storeys with floorplates of 8,000 sq ft.
The business park is already home to a variety of well known businesses and amenities, including Alfred McAlpine, Persimmon Homes, Bromford Housing Group, edeus, KGJ Insurance Group, Co-operative Insurance Society (CIS), Esporta Health and Fitness Club and Whitbread Travel Inn and Restaurant. Broadlands Wolverhampton says the level and standard of occupancy and high quality specification, competitive green credentials, excellent parking levels and instant motorway access, ensures Exchange Court is placed to attract further businesses looking for a premium base.
Joint agents Noel Muscutt of Bulleys and Andrew Venables, of GVA Grimley, said in a statement: "The take-up of office space at Wolverhampton Business Park has been exceptional to date, with a wide range of professional service businesses and amenities already occupying the first phase developments.
"Following the success of Trinity Court, completed in October 2007, we expect to see a high level of interest and a number of early lets from both local businesses looking to expand and the national market."
The park is located adjacent to Junction 2 of the M54, on the A449 Stafford Road and is close to the new M6 toll road.
Broadlands Wolverhampton says there is a further seven acres to develop at the site and larger occupiers can be readily accommodated with specific packages tailored to suit individual requirements.