Morris Property has been granted planning permission at its landmark 28-acre site on Oteley Road, Shrewsbury, adjacent to Shrewsbury Town Football Club, creating highly sought-after commercial space available for purchase or rent at this prime location from Summer 2024.
As a long-awaited allocated employment land release on this side of Shrewsbury town centre, the development will help fuel the local economy providing speculative and bespoke units ranging from distribution warehousing to offices, with environmental benefits and infrastructure to meet the demands of the 21st century occupier.
Chris Morris, Director, Morris Property commented: “Despite keen demand for business units on this side of the town, we are aware that economic times remain tough, so we have designed our units to be cost and energy-efficient. We are providing flexible commercial space ranging from 1,850 ft² to 175,000 ft² underpinned by Morris Property’s assurance of quality build and service.
He continued: “We have been working closely with Shropshire Council as supporters of inward investment serving Shropshire and Mid Wales and, in partnership with the WMCA and Frontier Development Capital (FDC), we are excited to be transforming this site into a vibrant commercial centre.”
Andy Street, Mayor of the West Midlands and WMCA Chair, said: “It’s been a challenging couple of years for the West Midlands region but throughout that time the WMCA has continued to invest in schemes such as Stadium Point to help drive economic growth.
“These investments are providing new commercial spaces for our job-creating businesses so it’s great to see this latest scheme getting underway. Once completed we expect upwards of 350 jobs based on the site, which is great news for local people and the town’s economy.”
Stadium Point, with its build-to-suit opportunities, has excellent welfare amenities with good public transport links to the site and cycle and EV parking. There is a footpath network through the scheme with landscaped break-out areas providing ideal environments for business occupiers and staff to enjoy. Supermarket Lidl sits adjacent to Stadium Point with Meole Brace Retail Park a short walk away, offering a range of facilities including Marks & Spencer Food Store, Sainsbury’s, Next and Boots.
Kieren Turner-Owen, Associate Director, FDC commented: “FDC are privileged to be working alongside Morris again after our successful funding of Paragon Point, Telford. The loan facility being provided for the speculative industrial development at Stadium Point is a prime example of how the WMCA funding* can be deployed, accelerating job creation in the region. Stadium Point highlights Shrewsbury and the wider West Midlands’ excellent industrial offerings and we very much look forward to seeing the progress over the coming months.”
The premier destination is highly accessible for transport with its easy access to the A5 Shrewsbury By Pass, connectivity to Telford and the motorway network to the West Midlands and beyond.
“We pride ourselves on our collaborative approach and are pleased to already be working with a number of regional companies developing plans to build their businesses with us at Stadium Point” Chris Morris, Morris Property added.
Morris Property has a track record of delivering high spec, successful business and trade parks and their 20-acre fully occupied Vanguard Park at Battlefield, North Shrewsbury has been hailed a major success providing 240,000 ft² businesses including Volkswagen Inchcape Dealership, Toolstation, Howdens and Euro Car Parts.
Morris Property is part of a fifth-generation family-run property group which has been building, restoring and leasing property for over 100 years.
*The Commercial Investment Fund is provided by the WMCA and administered by FDC.