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Private equity firm backs speculative industrial unit | Midlands Property News

Private equity firm backs speculative industrial unit

Private equity firm backs speculative industrial unit



Commercial property developer Stoford has received funding for the construction of a speculative unit at Worcester Six Business Park.

The business has signed a funding agreement with Cabot Properties, an international private equity real estate firm, for a 37,800 sq ft unit, adjacent to Kimal and ZwickRoell.

In the past three years, Stoford has announced the arrival of Marmon Food and Beverage Equipment, Siemens, Spire Healthcare, Kimal, Kohler Mira, ZwickRoell, Alliance Flooring Distribution and IONOS at Worcester Six. Once fully developed, the scheme will provide 2.1 million sq ft of accommodation.

Edward Peel, Stoford’s development director, said: “Worcester Six Business Park has been a huge success story for the area, attracting a number of world-class companies that want to be based in a high-quality location, with a secure, managed and landscaped setting.

“Its strategic location also means it is well placed for the major road networks and motorways. There is strong demand for units of this size in the area and we’re confident that now that funding is in place and we’ve started works on site, we’ll receive a significant number of enquiries.”

Completion of the new unit is expected in April 2023.

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