THE Mayor of Torbay Gordon Oliver joined developers to celebrate work starting on the next phase of Torbay Business Park and view land earmarked for a further expansion of the site.
Construction work has begun on phase six of the business park off Long Road at White Rock in Paignton, which is being expanded as part of an overall £100million regeneration of the area led by developers Abacus Projects Ltd and Deeley Freed Estates to create new homes, shops and offices.
The Midas Group has been awarded the £2.3 million contract by Abacus to construct the first phase of a new industrial scheme.
The first two units being created, one of 20,000 square feet and one of 15,000 square feet, will provide much-needed new industrial accommodation for the market. They are due to be completed by June 2014.
Midas Commercial Developments Limited (MCDL), a division of The Midas Group, also has a development agreement over the rest of the 20-acre site adjacent to the business park, and will build a range of light industrial and warehouse units ranging in size from 5,000 square feet to 40,000 square feet.
The Mayor of Torbay joined Steve Russell, director of Midas Commercial Developments Ltd, and Mark Tyrrell, director at developers Deeley Freed, along with managers from Midas Construction leading the building work to celebrate work starting on site, and view the adjacent land due to be developed.
Mayor of Torbay, Gordon Oliver, said: "I am committed to working with our partners in the private sector to develop exciting new projects that will bring new jobs and investment to the area.
"The Torbay Business Park is the latest such development and I look forward to seeing this current project come to fruition by the end of the summer, which will further add to our landscape for business success."
The plans are also being supported by the Torbay Development Agency (TDA). Alan Denby, TDA director of economic strategy, said: "The White Rock business park is a prime business location that is ripe for development.
"The TDA has been working with partners in the public and private sector to generate such schemes to improve the economic prosperity of the Bay by creating the right landscape for business. I look forward to seeing this exciting project take shape."
The business park is part of a major £100million development at White Rock in Paignton being led by Bristol-based commercial property developers Deeley Freed Estates in a joint venture with Abacus Projects Ltd, a subsidiary of Sir Robert McAlpine.
The overall development involves creating 350 homes, including affordable housing, 30,000 square metres of employment space, a food retail store and leisure facilities including a Whitbread Premier Inn and pub/restaurant.
The site is also earmarked to feature community sports facilities, public recreation space and allotments.
Mark Tyrrell, director of Deeley Freed Estates, said: "The plans to develop White Rock are a fantastic opportunity to help support the creation of new jobs, boost the economic growth of the entire Torbay area, and encourage more people to live and work locally at a time when this level of investment is vitally needed.
"Deeley Freed Estates and Abacus Projects Ltd are working closely in partnership with Torbay Council on the plans for site, and moving forward with a scheme which best reflects the changing needs of the area. We are delighted work is now starting on this next phase of the business park."