goold estates

Goold Estates gains approval for major logistics development in Wolverhampton

Property investment and development company Goold Estates has secured outline planning consent from City of Wolverhampton Council for a new 355,000 sq ft logistics scheme.

The company plans to invest around £45 million in regenerating a 32-acre former landfill site at Neachells Lane, near Wolverhampton city centre. The development is expected to create hundreds of new jobs and apprenticeships, providing a major economic boost to the area.

The scheme will deliver a modern, environmentally sustainable warehouse with Grade A offices, targeting a BREEAM Excellent rating and EPC A.

As part of the project, approximately 14.5 acres of the site will be re-landscaped to create high-quality, publicly accessible open space with improved, well-lit footpaths. In addition, Goold Estates will contribute £700,000 towards a new children’s play area and enhancements to East Park.

Final designs and details will be shaped through extensive community engagement before a reserved matters planning application is submitted later this year.

The Neachells Lane site has a long industrial history, having once been part of a 19th-century colliery before being used as landfill. It was reclaimed as public open space in the 1990s. The site lies in Wolverhampton’s East Park ward, an area with high unemployment, particularly among young people.

Dominic Goold, managing director of Goold Estates, said: “Investment in the development of the Neachells Lane site will create over 500 jobs and bring significant economic benefits to the area.

“We are committed to working closely with local communities and stakeholders to finalise the design and ensure the retained public open space is an asset for everyone. We want to bring forward a scheme that balances economic growth with the needs of the community and the environment.”

Other News

21. 04. 26

Goold Estates sells fully let Tannery Retail Park for c.£3m

Goold Estates, has announced the sale of Tannery Retail Park in Stourport-on-Severn to M Core for c.£3 million. The 28,800 sq ft, fully let retail scheme occupies a prominent 2.1-acre corner site at Tan Lane and Lombard Street, and is anchored by retailer B&M. Other tenants include Angling Direct, St […]

Read

25. 03. 26

Goold Estates completes £2.5m sale of Fairground Way Business Centre 

Developer and property investor Goold Estates has announced the £2.5 million sale of Fairground Way Business Centre in Walsall to Burbury Investments. Fairground Way comprises more than 26,000 sq ft of fully let commercial space across 29 units on a site fronting Corporation Street West, near Jct 9 of the […]

Read

25. 02. 26

Goold Estates secures 10-year lease renewal and expansion with Combat Heating Solutions in Wednesbury

Goold Estates has announced a significant lease renewal and expansion with long-standing tenant, Combat Heating Solutions, at Red Mill Trading Estate in Wednesbury. The agreement sees Combat extend its leases on Units 17 and 20, which it has occupied since 2016, and take a new 10-year lease across two additional […]

Read
More News