A leading packaging group has acquired a multi-million pound warehouse, which will become its national headquarters, in a deal wrapped up by commercial property investor and developer Barberry Group.
Allpack Group, trading as Allpack Packaging, has acquired the freehold of the 60,000 sq ft unit which is being developed by Barberry on Kingswood Lakeside Business Park in Cannock, Staffordshire, at one of the region’s key logistics hubs.
Barberry has started work on the site and is expected to reach practical completion of the new headquarters logistics building at Kingswood Lakeside Business Park, Blakeney Way in Q2 2021. The deal will bring much-needed investment and dozens of new jobs to the region.
The ground treatment works required to enhance this prime employment location were part-funded by the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) via its Local Growth Fund. The location offers occupiers excellent connections to the motorway network, with immediate access to M6 Toll Road, the M6, M42, the A5 and A34.
Chris Loughran, deputy chair at GBSLEP, said:
“Kingswood Lakeside Business Park is an excellent example of how strong relationships between the public and private sector can enable developments that have a hugely positive impact on our region.
“Through our Local Growth Fund, we have invested £2.16 million in the site and this deal demonstrates what an important and timely investment it was. Attracting a nationally recognised business like the Allpack Group will support job growth for local people in one of the region’s key sectors. This continues to be one of GBSLEP’s major priorities as our region recovers from the impact of Covid-19.”