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Brownfield development gets go ahead
20 May 2024
Oldbury-based investment and development firm Goold Estates has secured planning permission to regenerate a vacant brownfield site in Wolverhampton.
By Liza Helps Property Editor Logistics Matters
THE COMPANY secured planning approval for the 12-acre site from Wolverhampton Council earlier this month.
Known as Foundry Park £28 million speculatively developed project will deliver 166,500 ft2 across 15 warehouse units, ranging in size from 2,500 ft2 to 60,000 ft2.
The scheme will target BREEAM Excellent rating and include features such as photovoltaic roof panels and EV charging stations.
Goold Estates is the City of Wolverhampton Council’s chosen developer for the Bilston Urban Village employment site and purchased the land from the council.
The Foundry Park scheme represents the final phase of development at the Bilston Urban Village. Remediation work is expected to start on site shortly, with the main construction following in 2025.
Goold Estates managing director Dominic Goold, said: “This is a site with a complex industrial past, which has been vacant for more than 15 years, so we’ve had to make a significant investment in planning the extensive remediation that will be required before building the scheme. We now look forward to starting the remediation works.”
Foundry Park is immediately adjacent to the Black Country Route with easy access to Jct 10 of the M6. The Midland Metro runs along the boundary of the site, with Bilston Station within walking distance.
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