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Business Park Snapped Up By Lone Developer

A local developer in Stratford has bought the remaining plots of land on a new business park on the outskirts of the town, only a few months after buying the other half of the site.

Color Estates Ltd will be buying some 3½ acres of land at the Shottery Brook Business Park for £1.3m, subject to contract, after Stratford-on-Avon District Council agreed a deal yesterday.

In January Color agreed a £1.6m deal to buy 6.2 acres of land for a high-tech innovation and research centre on the business park, which is owned by the district council.

Cllr Richard Hyde, the Chairman of the Emergency Sub Committee that agreed the deal, said:

"I am very pleased that we have been able to agree a deal with Color, after putting the sale of this remaining plot of land out on the open market.

"There are benefits in dealing with a single developer for the whole site, such as co-ordination of the project and services infrastructure.

“Shottery Brook Business Park has been one of this council's major objectives for many years and will provide a prestigious commercial gateway into Stratford."

The area of land which the council agreed to sell yesterday to Color was previously allocated to the Finelist Group who had planning permission for a new office headquarters.

Finelist told the council in March that it no longer wanted to relocate to the new business park.

Although the total site extends to some 14 acres, over four acres are being allocated for landscaping and environmental works.

The council is spending just over £2million on a new road infrastructure for the business park, which is expected to create hundreds of new jobs.

The first part of the project is the construction of a new spine road as an extension of Timothy's Bridge Road, which started last month. It will link into a new roundabout at Bishopton Lane and is expected to take about 12 weeks to complete.

Work on the realignment of Bishopton Lane will then start, which will require the closure of the road from the A34/A46 junction through to the Stratford canal, for the reconstruction of a new railway bridge and service diversions. This part of the project is expected to be completed in December.

The site has been earmarked by the council for development since the 1980s, and currently forms a barrier between the existing industrial area next to it and the A46 northern bypass.

The road construction and improvements are being carried out by Birse Construction Ltd, under the supervision of Warwickshire County Council on behalf of the district council. Work on Color Estates's proposal, subject to planning approval, of an innovation centre with offices, research and development could start by early 2001.
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