Graftongate starts work on final phase of £10M Gloucester 12 scheme

Published by

Nicky Godding

Warwickshire based developer Graftongate has started work on the construction of a £10 million development near Gloucester.

Gloucester 12 sits next to junction 12 of the M5 motorway. It already incorporates a 120,000 sq ft warehouse unit sold to International Plywood.

A further four units are being developed and will comprise 17,516 sq ft, 26,465 sq ft, 38,227 sq ft and 41,288 sq ft of space.

Phil Silk, managing director of Graftongate, said: “This is the final phase of Gloucester 12, which will comprise four industrial/warehouse units totalling 123,500 sq ft.

“Having recently completed the infrastructure works and secured planning permission we have decided to speculatively build these units given the strength of the market and having identified a lack of supply particularly of the sizes being built.”

Myles Wilcox-Smith, partner at M1 agency and Edward Jenkinson, senior surveyor at Bruton Knowles, joint letting agents for the scheme, added: “These units are scheduled to be completed in November and will be constructed to a high standard, above institutional standards, to include 12m to underside of haunch for the largest unit with a substantial level of power available to the site.”

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.