Plans have been unveiled for a significant logistics development in Birmingham, with the introduction of a £77 million project named Torque.
The joint venture between Chancerygate and Bridges Fund Management aims to transform a former automotive site at the corner of Gunter Road and Chester Road in Erdington into 270,000 sq ft of urban logistics space, comprising 22 leasehold units.
Situated on a site previously used for automotive component manufacturing, the proposed development by Chancerygate and Bridges Fund Management is set to create a mix of logistics units. These units will vary in size, catering to diverse business needs ranging from 4,500 sq ft to 60,000 sq ft. The planning application has been submitted to Birmingham City Council, underlining a strategic effort to rejuvenate an underutilised area and attract new business.
Well-known for its vibrant business landscape, Erdington provides a fertile ground for new ventures. The proposed logistics park is expected to bolster the local economy, fostering a business-friendly environment and contributing to regional growth.
Guy Bowden from Bridges Fund Management also highlighted the project’s sustainable aspirations, envisioning a transformation of the disused site into a hub of activity that supports new job creation. This vision aligns with the company’s broader commitment to sustainable and impactful development projects.
By providing state-of-the-art facilities in a prime location, the Torque project is poised to attract businesses looking for competitive advantages in logistics efficiency. Such developments not only meet current market needs but also pave the way for future growth and innovation.
This initiative underscores the partners’ dedication to sustainable development, aiming for an impactful presence that balances economic growth with environmental consciousness. It represents a blueprint for future developments in urban logistics.
Stakeholders and potential tenants are showing keen interest in the project, highlighting the region’s demand for logistic spaces. This interest is expected to grow as the development progresses, further solidifying Torque’s role as a key player in Birmingham’s logistics landscape.
With plans now laid out, the £77 million Torque logistics park represents a promising development for Birmingham. Both Chancerygate and Bridges Fund Management are committed to bringing this project to fruition, aiming to offer state-of-the-art facilities that meet high sustainability standards and business needs. The logistics park is anticipated to be a catalyst for economic and commercial growth in the region.
This ambitious project by Chancerygate and Bridges Fund Management is set to transform a former automotive site into a vibrant logistics hub. With its strategic location and sustainable design, Torque is poised to attract diverse business interests and stimulate economic growth, heralding a new era of development in Birmingham.
