The green light has been given to a 124-acre extension to Birch Coppice Business Park where etailer Ocado is expected to open its second warehouse.
The site, in Tamworth, North Warwickshire, owned by IM Properties, will house Ocado’s second warehouse, at 350,000 sq ft.
Ocado is expected to finalise negotiations in the next few days. It is due to open towards the end of 2012.
Birmingham property agent Eagleton & Company acted for IM Properties and Colliers CRE represented Ocado.
Ocado floated last month, and said the funds raised would go towards a second warehouse.