Industrial estate sells in Tewkesbury as town continues expansion

The Formal Industrial Estate at Tewkesbury, on Junction 9 of the M5, has been sold by owners M7 to US private equity firm Ares. Formal Industrial Estate is now fully let to nine occupiers.

This latest deal is further proof that the town of Tewkesbury, long overlooked despite its key strategic location, is one of the UK’s fastest growth local authority areas.

Over the next 20 years Tewkesbury could be home to more than 12,000 new jobs.

Tewkesbury Garden Town, planned just two miles from the old town centre near Ashchurch o the A46, could o er 10,000 new homes and is set become the biggest strategic housing site in Gloucestershire.

Also currently under development is the Designer Outlet Cotswolds just o junction 9. Robert Hitchins, the Cheltenham property developer, says it will open later this year.

The 180-acre site will feature up to 90 shops, restaurants and cafes, the largest Dobbies garden centre in South West England and 850 homes with a school and community facilities.

Nearby, work is continuing on a £40 million manufacturing and design facility for Moog Controls. The new building will help Moog grow its engine and flight control products for military and commercial aerospace programmes.