Plans unveiled for £77m logistics park

Tamlyn Jones
·2-min read

Plans have been revealed for a new £77 million logistics park in Birmingham.

Called Torque, the project would comprise 270,000 sq ft of urban logistics space at the corner Gunter Road and Chester Road in Erdington.

The aim is to create 22 leasehold units ranging from 4,500 sq ft to 60,000 sq ft out of existing buildings on the site.

A planning application for the speculative development has now been submitted to Birmingham City Council. The site was previously used as an automotive component manufacturing facility.

The project is being led by a joint venture of developer Chancerygate and investor Bridges Fund Management which sait it was already in discussions with two parties over possible land sales.

If given the green light, it would be nestled in an already densely popular area of the city for warehousing and out-of-town retail and would count Jaguar Land Rover, Volvo and Selco Builders Warehouse among its near neighbours along with Ravenside Retail Park.

Rob Watts, development manager based in Chancerygate's Birmingham office, said: "There is unsatisfied demand from SME occupiers in Birmingham and across the West Midlands for high-quality, sustainable urban logistics units in prime locations.

"Torque will aim to satisfy this through providing flexibly sized, high-specification space on what is regarded as one of the city's most prominent sites.

"Our proposed plans will regenerate a redundant building into new grade A accommodation which will be of interest to a range of prospective occupiers.

"We look forward to working with Birmingham City Council and stakeholders to bring forward this much needed highly specified development."

Guy Bowden, partner at London-based Bridges Fund Management, added: "We hope to transform this disused building into high-quality, highly sustainable logistics units that can support new jobs and boost the local economy.

"Erdington is an ideal location for this kind of development and we believe these units will be attractive to a wide variety of SME occupiers."

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • How the big bet on electric car gigafactories went badly wrong

    The future will be battery-powered, we are told. Silent electric cars will replace their gas-guzzling predecessors. Energy storage packs will power houses and offices, filled with the electricity generated by wind and solar. Eventually electric ships and aeroplanes will help eliminate emissions altogether. The electrified economy will need terawatts of storage.

  • The Greater Manchester business park being plagued by 'unauthorised guests'

    There are plans for stronger security measures to tackle the problem.

  • Surprise! Why Your Retirement Tax Rate Could Be Higher Than Before

    I recently attended a retirement seminar at a local community college where the instructor talked about potentially higher tax rates in retirement due to the new RMD age. I have been under the impression throughout my saving career that tax … Continue reading → The post Ask an Advisor: How Can Tax Rates Be Higher in Retirement Than Your Earning Years? appeared first on SmartAsset Blog.

  • Evri plans to hire 9,000 more people to meet parcel delivery boom

    Evri expects to hire 9,000 more people to deliver parcels as demand increases - here's how much a courier earns at Evri.

  • Supermarket give County Durham staff pay rise as they aim to hire 50 staff in region

    Stores in the County Durham where Aldi is looking to hire include Bishop Auckland, Consett and Darlington.

  • Watchdog threatens action against BDO and Forvis Mazars over poor audits

    The Financial Reporting Council said audit results for BDO ‘declined significantly from 69% to 38%’ in its annual review.

  • Ask an Advisor: Is $4.6 Million Enough to Retire at 55?

    After a recent job loss, I'm unfulfilled in my new role and considering retiring in January 2025 at age 55. My wife, 56, works part-time and we'll switch to her health insurance next summer until she retires in two to three years. Until then, we'll stay on my COBRA until May 2025. I'm struggling to […] The post Ask an Advisor: Is $4.6 Million Enough to Retire at 55? appeared first on SmartReads by SmartAsset.

  • 9 Fast Food Recalls That Will Always Haunt McDonald's

    McDonald's has a few recalls in its past due to contaminated food -- one case was so serious that several employees did prison time for their mistake!

  • McDonald's sales fall worldwide for first time in four years

    McDonald's sales have fallen worldwide for the first time in nearly four years amid rising prices and ongoing boycotts over the war in Gaza. Under-pressure chief executive Chris Kempczinski admitted it was "clear that our value leadership gap [over rivals] has recently shrunk" but said the company was "working to fix that with pace". McDonald's blamed the figures on a fall in the number of its customers in the US, which was partly offset by price rises, along with the "continued impact of the war in the Middle East" and weaker demand in China.

  • Health and safety warning to North East farmers operating temporary glamping sites

    A health and safety warning has been issued to farmers in the region taking advantage of the relaxation in legislation relating to glamping sites.

  • The Surprising Retirement Savings of High-Income Earners

    If you’ve got more money, you’ve got more retirement options. High-income earners have substantial resources at their disposal, presenting the potential for massive gains and crushing losses. However, practical strategies and careful financial decisions can help you retire as a multi-millionaire. High-income earners often have different retirement needs than others. Here’s how much high-income earners […] The post How Much High-Income Earners Have Saved for Retirement appeared first on SmartRead

  • 'First of its kind' service station and supermarket to open in Glasgow

    A 'first of its kind' new service station and supermarket is opening in Glasgow this week

  • Judge asked to lift order protecting the identity of 12-year-old knife-killers

    The two boys, one now aged 13, were found guilty in June of the murder of Shawn Seesahai.

  • Apple picks Google chips, shuns Nvidia, to build AI products

    STORY: Apple unveiled plans for its artificial intelligence products back in June. Portions of the service, dubbed Apple Intelligence, are now rolling out to beta testers this week. But the system may be built on a surprise choice. A research paper from the tech giant published Monday seems to show that Apple has shunned chips from AI champion Nvidia. Instead it’s using processors designed by Google. That’s a surprise as Nvidia controls about 80% of the market for AI chips. The research paper doesn’t explicitly rule out using silicon from the firm. But its descriptions of software and hardware don’t appear to fit with any Nvidia products. Instead, Apple says it’s using so-called TPU chips, designed by Google for machine learning.The search titan sells access to such semiconductors via its cloud computing platform. There was no comment on the Reuters report from any of the firms involved.

  • A California millennial shares how he made nearly $200K secretly working multiple jobs. He said he only worked 20 hours a week.

    Making nearly $200,000 secretly working multiple remote jobs gave a millennial the confidence to start a business.

  • The 10 most expensive streets in Chester-le-Street to buy a house

    The most expensive streets in Chester-le-Street have been revealed with The Parks, North Lodge and Longdean Park among the list.

  • Profits fall at McDonald's as it redoubles value push

    Fast food giant McDonald's vowed Monday to win back consumers with better value offerings after it reported a rare sales decline that the company partly attributed to an exodus of inflation-weary low-income consumers.The summer offering is a pitch to inflation-weary consumers to "help your dollar go further," said a June 20 company announcement.

  • The Chef-Recommended Seasoning Blend To Take Corn Ribs To The Next Level

    Corn ribs are a great way to upgrade standard corn on the cob, but your choice of seasoning blend is what will really tie the dish together.

  • B.C. man accused in Amazon 'refund fraud' lawsuit

    A Burnaby, B.C., man is one of eight people being sued by Amazon to recoup millions in losses to a shadowy conspiracy accused of manipulating the online retail giant's policies to obtain refunds for products that were never returned.The man — who the CBC is calling BW — is the only Canadian named in a lawsuit filed last week in U.S. District Court in Seattle against eight individuals and up to 20 members of an "international fraud organization called Chin Chopa."According to the lawsuit, BW orde

  • Trending tickers: Microsoft, McDonald's, Greggs, Diageo

    The latest investor updates on stocks that are trending on Tuesday.