In the Press: £20m Stoford partnership in Wolverhampton
The Bridges Property Alternatives Fund and Stoford, a leading commercial property company, have teamed up to acquire and develop the 18-acre Prime 10 site in the Wednesfield area of Wolverhampton, at a total estimated cost of circa £20m. Bridges and Stoford plan to transform the derelict site into a high-specification warehouse and logistics centre; it […]
The Bridges Property Alternatives Fund and Stoford, a leading commercial property company, have teamed up to acquire and develop the 18-acre Prime 10 site in the Wednesfield area of Wolverhampton, at a total estimated cost of circa £20m. Bridges and Stoford plan to transform the derelict site into a high-specification warehouse and logistics centre; it already has planning permission for over 400,000 sq. ft. of warehouse space with 24/7 operations.
Guy Bowden, acquisitions director for the Bridges Property Alternatives Fund, added: “Our aim as an investor is to deliver attractive commercial returns alongside measurable societal impact. We believe the Pantheon Park development represents a great opportunity on both fronts: by reclaiming this valuable land, we can help to meet the clear shortfall in supply of high-quality warehouse space locally, creating hundreds of jobs and hopefully contributing to the regeneration of the area in the process.”
See a selection of press coverage below:
Property Week (£)