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September 2015 news archive

PLANNING CONSENT PAVES WAY FOR WHOLESALE MARKETS MOVE TO IM PROPERTIES’ THE HUB

Award-winning developer, IM Properties, has successfully secured planning permission for an 18 acre development that paves the way for the relocation of Birmingham’s historic Wholesale Markets.

The consent has been secured at the The Hub in Witton, Birmingham’s premier distribution and industrial site, which has the capacity to provide over 1.6 million sq ft of employment space and create over 2,100 employment opportunities.

IM Properties will now begin development of the bespoke facility which will total in excess of 240,000 sq ft.

Richard Lawrence, IM Properties, said: “We are understandably delighted to have secured planning consent for this modern prestigious new facility which will provide the new home for the Birmingham Wholesale Markets. The existing Wholesale Markets facility is over 40 years old and no longer fit for purpose, and working with Birmingham City Council we have secured what will be the next successful chapter for these vital markets.

“The location, transport links and the solution and development pedigree offered by IM as a delivery partner made the site a perfect fit for this operation and we are now looking forward to delivering the building in late 2016.”

The relocation of the Wholesale Markets, the largest combined wholesale food market in the UK, from its existing home on Pershore Street will clear the way for Birmingham City Council to begin delivery of its £500 million, 34 acre mixed-use Smithfield Development.

It has been a busy year for The Hub, with construction already underway on the delivery of two new speculative industrial units on the site, which was acquired by IM Properties in 2013. 

Totalling 110,230 sq ft, Hub 54 and Hub 55 will be built to IM Properties’ high specification and are due to be completed and ready for occupation in Q1 2016. A new signalised junction at the entrance to the estate, fronting onto Witton Lane, is also being installed and will provide improved access on to the local road network.

The Hub is situated on Nobel Way, close to Witton Train Station and is well connected to the national road network with Junction 6 of the M6 and the A38 both within a 10 minute drive time. Birmingham city centre is only 2.5 miles away, offering easy access to the city’s extensive range of resources and amenities.

Existing occupiers at The Hub include Laidlaw Interiors, IMI, Timet, and Iron Mountain.

IM Properties were advised by Savills, Knight Frank and CBRE, who act as joint agents on the scheme.

For further information on The Hub, visit http://www.thehubbirmingham.co.uk.

IM PROPERTIES MAKES KEY APPOINTMENTS ON 55 COLMORE ROW

Award-winning developer IM Properties has appointed Morgan Sindall plc to the comprehensive £30 million redevelopment of Birmingham’s landmark 55 Colmore Row office building.

Leading construction and infrastructure company, Morgan Sindall has been appointed as main contractor on the project and will deliver the complex and extensive programme of works.

Situated on the corner of Colmore Row and Church Street, 55 Colmore Row is one of Birmingham’s most prominently positioned and widely recognised business addresses, with a Grade II listed Victorian terrace façade overlooking St Philip’s Cathedral.

When completed, the redevelopment will deliver 160,000 sq ft of flexible and contemporary Grade A offices in the heart of Birmingham, providing the largest and most prominent level of high quality office accommodation in the city centre.

Three brand new floors will be delivered to the top of the building, offering panoramic views across the cathedral grounds and the city, with all internal layouts fully reconfigured to create open plan office space of the highest quality on floor plates ranging from 18,000 sq ft – 24,000 sq ft.

55 Colmore Row will offer high quality specification and the very best finishes throughout, with the Grade II listed 19th Century banking hall transformed into a brand new, class-leading reception.

John Hammond, Investment Director, IM Properties, said: “This is a project that will breathe new life into one of the most prominent and widely-recognised commercial buildings in Birmingham.  55 Colmore Row is a cornerstone in Birmingham’s commercial history and this project requires construction and project management teams of significant confidence and capability. We feel absolutely certain that Morgan Sindall will deliver the high quality rejuvenation of this landmark building.

“55 Colmore Row will offer an inviting and desirable business address suitable for occupiers from a broad range of sectors and will act as a prize for inward investors seeking space within the city.”

Alongside the addition of new floors and the redevelopment of the internal spaces, the whole rear elevation on Barwick Street will be removed and replaced with a stunning full height glazed façade, with space for two restaurants at street level. 

Dave Smith, managing director of construction at Morgan Sindall, said: “Anyone who has worked in or around Birmingham will be aware of 55 Colmore Row. They may be less familiar, however, with the volume of work that will need to be undertaken to give the building a new lease of life. The complexity of adding new floors to the top of the building, combined with the timescale in which we are working means that there is significant planning required to ensure we deliver.

“It is a fantastic and high-profile project to be involved with and I am confident that we will deliver to exactly the standard that IM Properties is seeking for 55 Colmore Row.”

IM Properties has appointed a full professional team to deliver the vision for 55 Colmore Row, including AHR Architects, DBK as quantity surveyor and CDM co-ordinator, Projex Building Solutions as project manager and employers agent, structural engineer Copeland Wedge Associates, and Watkins Payne Partnership as M&E Engineer.

Duncan Berry, managing director, DBK, said: “Complex development projects are incredibly exciting and require meticulous planning and execution. The location and character of 55 Colmore Row put this project squarely into this category.

“Its position at the heart of the city’s busy financial core, its proximity to neighbouring buildings and of course, its listed status will all be carefully considered and managed as part of the redevelopment. On completion, however, it will be restored to its position as one of the city’s most desirable business addresses.”

The works programme is due to be completed in autumn 2016.

The civic and commercial heart of Birmingham, the area around 55 Colmore Row is home to the city’s main concentration of professional services companies, including Barclays, KPMG, Eversheds, Grant Thornton, Vodafone and PwC and a range of high quality bars and restaurants, including the Michelin-starred Purnell’s, Hotel du Vin, Opus, Fumo and San Carlo.

Joint letting agents for 55 Colmore Row are CBRE and Savills.



For more information, contact Will Ventham at CBRE on 0121 627 5509 or .(JavaScript must be enabled to view this email address); or Nick Williams at Savills on 0121 616 5509 or .(JavaScript must be enabled to view this email address).