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At a Glance

Promoter: Watford Borough Council/ funding from Hertfordshire Local Enterprise Partnership (LEP)

Location: Watford, WD18 8 near Greenhill Crescent, Caxton Way and Faraday Close

Total Site Area: 1.7 hectares

Total Floor Area: 64,730 sq. ft. in 13 commercial units and a café of which 3 let or under offer

Investment Type: Commercial occupancy opportunities

Asset class: Office, Light industrial

Planning Status: Complete, ready for occupation

GDV: £25m

Site Description

The redevelopment project known as ‘Inspire’, covering 4.3 acres, is situated at the gateway to the Watford Business Park.

It features 13 high quality industrial/ warehouse units from 2,045 – 11,884 ft and a café, targeting smaller enterprises. 

Sustainability has been a key focus, with each industrial unit equipped with solar panels, electric vehicle charging points and ample cycle storage facilities to reduce car reliance. The buildings are designed to maximise natural light and ventilation to lower energy use. 

Thanks to these features, the project is set to achieve a BREEAM ‘Very Good’ sustainability rating.