The UK’s largest land promoter, Gladman, and leading commercial property developer, Stoford, are to deliver a new employment park as part of plans to revitalise Wellesbourne Mountford Airfield.
Stoford will act as delivery partner for the employment development at the airfield, which is located near Stratford-upon-Avon.
The deal could release up to 140 acres of much needed employment land along the M40 corridor and is part of a promotion strategy, led by Gladman, to provide a new runway and enhanced aviation facilities in order to secure the long-term future of the airfield.
A memorandum of understanding was agreed last year between the owners of the airfield and Stratford-on-Avon District Council, which ensures that aviation will continue at Wellesbourne Mountford Airfield whilst plans for the future enhancement of the facility are developed and discussed.
Best known for its role during World War II, Wellesbourne Mountford Airfield was formerly the Royal Air Force station RAF Wellesbourne Mountford.
Stoford Land Director, Andy Hartwright, said: “We’re excited to be supporting the progression of this strategically important opportunity at Wellesbourne Mountford Airfield. We’ll be working closely with Gladman, the landowner and Stratford-on-Avon District Council, to assist with the site’s journey through the planning process to the delivery of a high quality employment park. It has the potential to deliver high-tech jobs and offer a significant employment stream for the region.”
Chris Still, Senior Planning & Development Director at Gladman, said: “We look forward to sharing our proposals for the site over the coming months, and hope to be in position to submit a planning application by the summer.”
Matt Pochin, Director of Legat Owen, said: “The evolution of the Wellesbourne Mountford Airfield into a modern facility, in conjunction with the release of much needed employment land, has needed Stoford’s market leading credentials as a developer to move to the next stage of the process. On behalf of the landowners, we undertook a rigorous interview process to establish that Stoford is the perfect party to bring the scheme to fruition and we now look forward to seeing real progress on site.”
Wellesbourne Mountford Airfield is located in an established employment area near the University of Warwick’s Wellesbourne Campus, less than four miles east of Stratford-upon-Avon.
The site benefits from excellent communication links and is just 4.6 miles from Jct 15 of the M40 motorway.
Stoford was represented by Savills and Gateley Legal, with Smith Partnership and Legat Owen acting on behalf of the landowners and Gladman.
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