Commercial property developer Priority Space has completed the first phase of a 61,000 sq. ft speculative development at Hereford Enterprise Zone.
The development called Centenary Park comprises 17,000 sq. ft of industrial and warehouse space and 14,708 sq. ft of office suites in Stirling House.
The scheme which is being delivered by Barnsley-based Priority Space, is part of an £8 million commitment to build 60 speculative units at the 110-acre site for small to medium-sized businesses, in partnership with the Hunt Group Limited and Herefordshire Council.
Eight out of the nine industrial units on phase one have already exchanged or have entered solicitors’ hands. Unit 14, which is a 3,000 sq. ft unit, remains available. Four office suites in Stirling House will be let by an international company and 20 office units remain available.
Priority Space has built up a strong record of delivering speculative commercial property developments across the UK.
Adam Richardson, co-director at Priority Space, said: “We have worked closely with the zone team to get this development off the ground and are delighted to complete the first phase which has already helped to meet the demand for industrial stock and office space in the area.”
Mark Pearce, managing director of Skylon Park, said the Centenary Park development would attract a variety of new and expanding businesses to the Enterprise Zone. “We are delighted that Priority Space showed the confidence in the Hereford Enterprise Zone to make this substantial investment. We are pleased that there has been considerable interest in this high-quality development already which adds to the offer to businesses at the Zone.”