IM Properties (IMP) has commenced work on its £140 million Stratford 46 mixed-use development, with strong interest from local and national businesses for the 65-acre employment park.

The scheme will feature a flexible mix of high-quality logistics, office and roadside premises, aiming to create approximately 1,500 new jobs and provide space for local companies to expand, including those based in Stratford's Canal Quarter.

Located on the west side of Stratford-upon-Avon, construction has started on a new roundabout to provide direct access from the A46, ensuring Stratford 46 is well-connected for businesses along the M40 and M42 corridor. IMP is also working with local stakeholders to support skills and training initiatives, helping residents benefit from opportunities created during construction and once the park is operational.

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Lewis Payne, Development Director at IM Properties, said: "It has been a long and complex journey to reach this point, with extensive discussions behind the scenes. However, interest from businesses has remained consistently strong, from those looking to expand in the area to new occupiers seeking prime space.

"This has helped to underline our strategy to push forward and satisfy the pent-up demand for business space along the M40 and M42 corridor across a range of sectors. With a clearer timeline now in place, we can progress formal discussions with potential occupiers eager to benefit from the location and access to a skilled workforce in the immediate vicinity.

"During construction we will be working hard to minimise disruption and keep the local community informed through newsletters and updates on our website."

Stratford 46 will offer sustainable workspaces ranging from 20,000 to 300,000 sq ft, targeting EPC A and BREEAM Excellent ratings. The buildings will be Net Zero Ready, with integrated solar PV panels to help occupiers transition to Net Zero in operation. Construction of the buildings is scheduled to begin in 2026.

Joint agents for the scheme are Colliers and Savills.