AN ambitious 20-acre business park on Park Farm industrial estate in Redditch is nearing completion.

Velocity42, which will offer 330,000 sq ft across five units on the industrial estate, is set to be to finished later this year.

Firms have already moved in, including Avon Freight Group, an expanding local freight forwarding business, which was based in Hemming Road .

Also on the site is local family-owned business, Heartbeat UK, which moved in August.

Richard-James Moore, from real estate and investment management firm JLL said that interest is high from potential tenants; from both local companies looking to relocate, and regional operators looking to satisfy the ever-growing demand from the online retail sector.

“It has been particularly pleasing that the first two occupiers are exactly the kind of company for which the scheme was intended," he said.

"Locally based, successful and ambitious, who are winning new clients, and need quality space in which to continue their growth."