The commercial property developer and real estate investment management firm will refurbish and extend an existing building to create Stone Cross 136 — a Grade-A, 136,000 sq ft warehouse facility.
Stoford and Oxenwood will also undertake the development of Stone Cross 72: a 72,500 sq ft, Grade-A, new build to the south of the existing building.
Work is set to start in June 2019, with completion expected before the end of the year.
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“Our development of Stone Cross 72 and the refurbishment and extension of Stone Cross 136 will offer potential occupiers a choice of two new, high-specification industrial/warehouse units with outstanding connectivity in a region that has a shortage of available stock,” said Tony Nash, director at Stoford Developments.
Stewart Little, co-founder at Oxenwood, added: “Within markets, where we see strong occupational demand, we will build as well as buy and continue to look for similar opportunities.”