London, 2017-Jun-28 — /EPR Retail News/ — The newest speculative development by leading investment and property management company LCP is progressing well, with Buildings A & B being ready for occupation in August – two months ahead of schedule.
Roofs and cladding are already completed on the first two buildings at Prime Point, a 130,000 sq ft development of four industrial and warehouse units on the Pensnett Estate, Kingswinford, LCP’s flagship industrial estate.
Preparation works to the floor and yard are also progressing, while concrete works have begun on building one, with building two scheduled to start concrete works at the beginning of next month.
Andrew Preston, industrial portfolio manager of LCP, said: “We are pleased with progress and the contractors are well ahead of schedule, which is good news. The first two buildings are looking great and we have already being showing potential occupiers around.
“We are offering units of between 10,000 and 40,000 sq ft, of which there is a particular shortage, and we are working with our appointed agents, Bulleys and Lambert Smith Hampton, to attract new businesses to the area.”
Really Useful Products, which manufactures storage boxes for business and home, has already signed a deal to move to a 31,000 sq ft unit on part of Prime Point.
The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property. Three years ago, LCP invested £1.5 million in Progress Point, a speculative development on the estate comprising 21,000 sq ft of high quality warehouse and industrial space.
The Black Country Local Enterprise Partnership (BCLEP) has been supporting LCP with this latest development.
Lambert Smith Hampton
0121 237 2347