West Midlands-based Opus Land, the developer of Opus 9, the Black Country's largest industrial site for a decade, has acquired a neighbouring 8.5-acre plot from garden tool manufacturer, Spear & Jackson for a £2.5 million.
The additional land will increase the size of the scheme to 33 acres and give Opus the scope to offer a design and build option for unit of up to 500,000 sq ft at the back of the
site, Funded by clients of Arlington Securities, the £45 million scheme has planning consent for up to 450,000 sq ft of production, warehousing and distribution facilities.
It will comprise a mix of speculative as well as design and build options, in a range of buildings from 50,000 sq ft and above.
Site infrastructure has started and work is beginning on a speculatively built distribution/production unit of 105,000 sq ft to be called 'point 1', located at the entrance of the site, with direct motorway access to the M6. It is scheduled for completion this summer.
Opus director Richard Smith said: "Such is the demand for 'point 1' from prospective tenants, we will be looking at the possibility of a further speculative unit this summer." ..SUPL: