The next phase of office development at Wolverhampton Business Park is imminent following the submission of a detailed planning application for 50,000 sq ft of offices on Plot 5, to be known as Trinity Court.
In the wake of landmark enquiry levels, Broadlands Wolverhampton has brought forward the next phase of speculative development to meet the increasing demand for high specification office accommodation in the local marketplace.
Ralph Jones, Broadlands Wolverhampton, said: "The Wolverhampton market is continuing to grow and is fast becoming a major office location within the West Midlands.
"Many businesses are looking to move into the area as they recognise that continued investment is set to strengthen Wolverhampton's position as a key location in the West Midlands.
"This, in part, is due to a strong transport infrastructure including the M6 Toll Road, which has opened Wolverhampton's highway connections to the rest of the country, making it a strong competitor against the M5 and M40/42 corridors.
"Trinity Court will be the sixth plot to be developed at Wolverhampton Business Park and is testament to the success that we have experienced over the past five years.
"Our first two speculative office phases at Venture and Charter Court, have both seen strong occupier interest during construction, with a significant proportion of the space committed prior to completion.
"Demand for more accommodation and further development has been so high that we have brought the Trinity Court planning application forward in order to coincide with market growth and requirements."
Trinity Court will comprise 50,000 sq ft of office space spread across three buildings. The first will comprise 20,000 sq ft over three storeys, the second, 18,000 sq ft over three storeys, while the third sees 12,000 sq ft over two storeys.
Broadland says that with a high quality specification, excellent car parking levels with 196 on-site spaces, immediate motorway access and a range of on-site amenities, Trinity Court is set to appeal to businesses looking for a high quality and professional base.
Joint agents, Bulleys and GVA Grimley, said: "The Wolverhampton market has matured significantly since the turn of the millennium and, as a result, we have experienced extremely high demand for quality office accommodation.
"In fact, latest figures show there has been an 18 per cent increase in take-up this year on figures from 2005, which correlates with the increased levels of activity at Wolverhampton Business Park.
"Trinity Court will offer exactly the type of accommodation needed to match the requirements of an expanding marketplace and will be complemented by the existing onsite amenities.
"These include the Esporta Health and Fitness Club and Whitbread Travel Inn and Restaurant."
Subject to planning, work is due to begin on Trinity Court during the autumn.
