IM Properties has kicked off preparation work on its long-awaited £140m Stratford 46 Business Park on the edge of Stratford-upon-Avon.

The 65-acre mixed-use employment scheme development will provide a flexible mix of logistics, offices, and roadside space.

Initial work has now started on a new roundabout off the A46, with Montel Civil Engineering appointed as highways contractor to deliver the access route, utilities, and early infrastructure.

Construction of new buildings is expected to start towards the end of 2026 with a main build contractor expected to be name shortly.

Lewis Payne, development director at IM Properties, said: “It has been a long and complex journey to reach this point. 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.”

The business park sits nine miles from junction 15 of the M40, providing direct links to both the M25 and M42.

Units ranging from 20,000 to 300,000 sq ft will be offered for single or multi-tenant use, designed to meet EPC A and BREEAM Excellent standards and be Net Zero Ready with integrated solar PV panels.

The scheme also includes plans for a 17-acre nature reserve on adjacent land, transforming farmland into a new wildlife habitat and green amenity space.