The scheme will see construction of 803,000 sq ft of new industrial warehouse space on the 40-acre site – part of which has already been demolished and cleared.
St Francis is working with Tilstone Industrial Limited to replace the existing outdated buildings alongside significant infrastructure improvements.
Gareth Williams, Development Director at St Francis Group said “We are delighted to be working with our partners at Tilstone Industrial and Radway 16 will be a regionally significant industrial warehouse scheme.
“With quick and easy access off junction 16 of the M6 it will attract a broad range of occupiers looking for a quality of space currently lacking in the area”.
Andrew Bird of Tilstone added “As we build the portfolio of well located estates across the UK, there are a number of opportunities to regenerate buildings which, on this occasion, will replace many of the existing warehouses. We will work with existing occupiers to phase the scheme, respecting the interests of all stakeholders.”
The planning application will seek detailed consent for two units of 208,000 sq ft and 143,000 sq ft and outline consent for an additional 452,000 sq ft.
Infrastructure improvements will include work around the sites access off Radway Green Road. Units could be made available for occupation by the end of 2021.