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

16. 04. 25

Community round-up: Goold Estates strengthens commitment to Black Country causes

Goold Estates has reaffirmed its dedication to supporting local communities across the Black Country, providing financial contributions to charities making a real difference. In 2024, the company focused its efforts on four key organisations: Black Country Women’s Aid (BCWA) A long-standing advocate for survivors of domestic abuse and sexual violence, […]

Read

21. 11. 24

More than 300 jobs on the way as work starts on new business park

Work has started on transforming a derelict industrial site in Wolverhampton into a bustling new business park creating more than 330 new jobs. Foundry Business Park, which is being built on 15-acres off Brook Street, Bilston, will offer small and medium sized firms (SMEs) much needed modern accommodation, helping to […]

Read

31. 07. 24

Multi-storey car park sale completes Goold Estates’ 20-year Walsall regeneration 

 Property investment and development company, Goold Estates, has announced the sale of a multi-storey car park in Walsall, marking the conclusion of a 20-year town centre regeneration scheme. Goold Estates has sold the freehold of the four-storey St. Matthew’s Quarter car park on George Street, to a private investor for […]

Read
More News