AN ambitious 20-acre business park is coming to Park Farm industrial estate in Redditch.

Velocity42, which will offer 330,000 sq ft across five units on the industrial estate, is set to be to finished later this year, after steel frames for its first two buildings went up this month.

Richard-James Moore, from real estate and investment management firm JLL said that interest is high from potential tenants; from both local companies looking to relocate, and regional operators looking to satisfy the ever-growing demand from the online retail sector.

“Our research shows very clearly that while there's been a slowdown in demand for the giant distribution centres the opposite is true for units of less than 100,000 sq ft,” he said.

He added Redditch is a prime business location and some firms have already bought space at the park.