IM Properties has started work on the £140 million mixed-use Stratford 46 scheme, a 65-acre employment park in William Shakespeare's birthplace Stratford-upon-Avon.
Stratford 46 will comprise a mix of logistics, office and roadside premises, aiming to create around 1,500 jobs and providing space for local companies to expand, including those based at Stratford’s Canal Quarter.
Located on the west side of the town, construction has begun on a roundabout which will have direct access into the scheme from the A46.
Lewis Payne, development director at IM Properties, said: “It has been a long and complex journey to reach this point, with extensive discussions behind the scenes. However, interest from businesses has remained consistently strong, from those looking to expand in the area to new occupiers seeking prime space.
“This has helped to underline our strategy to push forward and satisfy the pent-up demand for business space along the M40 and M42 corridor across a range of sectors. With a clearer timeline now in place, we can progress formal discussions with potential occupiers eager to benefit from the location and access to a skilled workforce in the immediate vicinity.
“During construction we will be working hard to minimise disruption and keep the local community informed through newsletters and updates on our website.”
Stratford 46 is located 9 miles from Junction 15 of the M40, providing a direct route to the M25 to the south and M42 to the north.
The scheme proposes sustainable workspaces ranging from 20,000 to 300,000 square feet for a single letting. They will target EPC A and BREEAM Excellent ratings and be Net Zero Ready, with integrated solar PV panels. Construction of the buildings will start in 2026.
Joint agents are Colliers and Savills.