Tungsten Properties, the mid-box industrial and warehouse developers, has started construction of its 18-unit industrial and trade counter site in Oakham, Rutland, Leicestershire.
The 3.79-acre (1.53-hectare) site at Panniers Way in Oakham to the east of Leicester was granted planning consent in May by Rutland County Council.
Tungsten Properties will provide 18 high specification industrial and trade counter units between 1,000 sq ft and 9,000 sq ft and include a small amount of retail and fast food uses.
The site sits within a wider masterplan of development to include new residential development and commercial uses including BP/M&S Petrol Filling Station, Aldi Supermarket, McDonald’s restaurant, and a Marstons’ pub.
Construction has been celebrated with a ground breaking ceremony with representatives of Wilten Construction, Tungsten Properties and Phillips Sutton.
The new units are due to be available from early Spring 2022.
Jenny Clarke, associate development director, Tungsten Properties, said: “Oakham has a strong market with high demand, so we’re excited to get started to build these new high spec units for local and national businesses.
“Already, more than 60% of units are under offer to companies to let them, showing the strength of demand out there from businesses. We look forward to announcing the news as soon as we can.”
Reid Commercial Property and Phillips Sutton are joint letting agents. Wilten Construction is the appointed contractor.
