Construction is gathering pace on a new commercial development in Warwick, which is set to provide much-needed space for small and medium-sized businesses and support up to 85 jobs.

Groundworks have now been completed at Greville Business Park, which is being developed by Warwickshire Property & Development Group (WPDG) and the steel framework for 11 high-quality commercial units is being erected.

Located between Leamington Spa and Warwick, the development will provide 28,000 sq ft of flexible commercial space across units ranging from 1,000 to 5,000 sq ft, offering a range of opportunities for established businesses, growing companies and new ventures.

The scheme is being constructed by Birmingham-based E Manton Limited, with completion expected this winter. A further 15,000 sq ft commercial unit is also being delivered for a named occupier.

The development received unanimous planning consent from Warwick District Council and is being built to meet EPC A and BREEAM Very Good standards, reflecting the growing demand from businesses for modern, energy-efficient premises.

The units are being marketed for freehold sale by Avison Young and will benefit from a range of features designed to meet the needs of modern commercial occupiers. These include PV roof panels, roller shutter level-access loading doors, three-phase electricity, mains water, fitted toilet facilities and minimum seven-metre eaves heights.

Greville Business Park is WPDG’s second commercial scheme, following the successful delivery and sale of Sucham Park in Southam. The development was fully let within 12 months of completion, attracting a mix of growing local businesses and new start-ups.

The Warwick scheme forms the first phase of a wider two-phase development planned by WPDG at Fusiliers Way. The second phase is set to deliver a new local centre serving the growing area and its business community, with plans including a convenience store, children’s day nursery and coffee shop.

Together, the two phases will create new employment opportunities, business space and local amenities to support the continued growth of the area.

WPDG was formed in 2021 by Warwickshire County Council to realise the potential of its development sites, commercial buildings and mineral rights.

Rob Andrews, Head of Development at WPDG, said: “It’s a great milestone to see contractors on site and steelwork going up at Greville Business Park.

“This scheme will help address the real shortage of high-quality small business space in this part of Warwickshire and we’re looking forward to seeing these units taken up by ambitious SMEs once construction is finished.

“Greville Business Park also builds on the strong track record we’ve established in Warwickshire, and it forms part of our wider ambition to deliver much-needed commercial space for SMEs right across the county.”

Cllr James Crocker, Deputy Leader and Portfolio Holder for Finance and Property at Warwickshire County Council, said: “With the construction work underway we are taking a positive step forward in delivering a scheme that will help businesses stay, grow and thrive in the county.

“Greville Business Park will be a high-quality development, providing local companies with room to expand while creating new employment opportunities for residents.

“Projects such as this demonstrate our commitment to supporting economic growth, investing in our communities and ensuring Warwickshire remains an attractive place for businesses to locate and succeed.”

Ian Clorley, Director at E Manton Ltd, added: “It is fantastic to see the excellent start to the project our site team has made, and to see the development taking shape on site.

“E Manton are excited to be working alongside WPDG on the delivery of these much-needed new units. Projects like this are important not only in providing high-quality facilities for growing businesses, but also in creating employment opportunities and supporting the wider local economy.

“It gives us a real sense of pride to be involved in a development that will have a lasting positive impact on the local area, and we look forward to seeing the project progress over the coming months.”

Greville Business Park is being marketed for freehold sale by Avison Young.

Sam Forster, Surveyor at Avison Young, said: “We’re seeing strong demand for high-quality, well-connected commercial units in the region, so it’s fantastic to see construction at Greville Business Park progressing, bringing much-needed employment floorspace to the market.

“With strong transport links, access to the motorway network via the M40 and A46, and sitting only two kilometres from both Warwick and Leamington town centres, the scheme occupies a strategic location for both growing and established local businesses.”

For more information, please contact Sam.Forster@avisonyoung.com