PROOF the economy is going the right way is the launch of the new Acanthus Park warehouse development, Redditch’s first speculative Grade A industrial unit to be built since the 2008 recession.

Ben Truslove, a director of property agents John Truslove, appointed to market the building along with Lambert Smith Hampton and JLL, said it was “wonderful news” for the town. The new unit will create 20-50 jobs with a single let being sought.

Mr Truslove added: "I expect it to generate plenty of interest. We are already seeing inquiries, with both blue-chip companies and local firms making contact. It will appeal to logistics and distribution companies as well as manufacturers.

“The Acanthus Park development is a first for almost a decade. It is a huge vote of confidence.”

Acanthus Park covers more than ten acres. The warehouse features 10-metre clear internal height, two storey office/ancillary accommodation, five dock loading doors, two level access loading doors, and secure gated yard. Existing occupiers on Ravensbank Business Park, of which Acanthus Park is part, include Intier Automotive, Johnson Controls, Heller UK, Lear Corporation, St Ives, John Lewis and the SP Group.