November 2016 news archive

IM land Autumn Statement Comment

IM Land’s strategic land director, Jonathan Dyke, was reassured by the Chancellor’s renewed commitment to house-building, although he isn’t convinced the government fully understands the current pressures on the sector.

“We all see the need for more homes, and on a major scale, and whilst the £2.3bn Housing Infrastructure Fund to help deliver 100,000 new homes in areas of high demand is welcomed, strategic planning and distribution of regional housing need has to be dealt with much more quickly if targets are to be met”.

“Applying for permission for major schemes isn’t for the faint hearted. Simply assembling a team with the correct skill-sets, across multiple disciplines, to research and prepare proposals is very costly and hugely time consuming and although well-funded developers will commit to the process, there is still too much risk and not enough certainty in the market to encourage new homes to be built on the scale required.

“Infrastructure spending in today’s Autumn Statement is welcomed, however we now look to the Housing White Paper to help increase delivery across all market sectors.”

Prologis heads to IM Properties’ Blythe Valley scheme

Prologis, the UK’s leading developer and owner of logistics property, has agreed to lease a new 15,000 sq ft office building at Blythe Valley Park in Solihull from IM Properties, one of the UK’s largest privately owned property companies.

The two-storey building, which has been designed to achieve BREEAM ‘Excellent’ accreditation, will be Prologis’ new UK headquarters.  Blythe Valley Park is next to Junction 4 of the M42, close to the company’s existing offices on the A34.

“This new building has been designed specifically to meet the needs of our business as we plan for the future,” said Andrew Griffiths, Managing Director of Prologis UK.  “Solihull is an excellent location for Prologis, so we are very pleased to have the opportunity to stay here and join the growing business community at Blythe Valley Park.”

IM Properties has submitted a planning application for the new building to Solihull Metropolitan Borough Council.  It anticipates that construction will start in early 2017 and that the building will be ready for occupation in 2018.

“We are delighted that Prologis has chosen Blythe Valley Park for its new UK headquarters,” said Lewis Payne, Development Director at IM Properties.  “The sustainable credentials of the building will marry well with the sustainability of the Park as a whole, which boasts an exemplar sustainable drainage system and a 122-acre country park, which wraps the development.  Well-being is a big part of the BVP offer.”

IM Properties has a further 44 acres of development land available at Blythe Valley Park, in addition to 65,000-sq ft of existing Grade A space available to let in One Central Boulevard.

IMP was represented by CBRE and Savills; JLL acted for Prologis.

IM Properties, based in Coleshill, is one of the largest privately owned property groups in the UK, with an investment and development portfolio of circa £900 million across the UK, Europe and US.

IM Properties takes on new planning director to deliver 12m sq ft of industrial space

IM Properties (IMP) has head-hunted one of the country’s best-known planning advisers, Turley’s David Smith, to take charge of its 12m sq ft industrial land bank.

David has been with the high-profile consultancy for 13 years, based out of its Birmingham office, but with a national remit on helping its logistics clients bring forward key strategic sites and assisting occupiers in meeting their operational requirements.

The next step in his career is to join Midlands’ based IMP as planning director during January 2017.

IMP’s UK development director, Kevin Ashfield, is understandably delighted, and believes David’s appointment will enable the privately owned property company to deliver planning on IMP’s growing land bank

“We’ve brought over 6m sq ft of space through the planning process to date but now we’re looking to take the business to the next level.

We’ve secured land which could deliver 12m sq ft of logistics and manufacturing space in the short-to-medium term and the appointment of David is key to achieving this ambition,” he says.

“David’s name was the one that really stood out to us as he has worked with IMP for a number of years on various projects. He has a clear vision of the future delivery of industrial sites - he understands the sophistication of the logistics market, it’s challenges and is widely respected. We are very pleased to have persuaded him to make the move.

David concedes that it was a difficult decision to leave Turley stating that “I have hugely enjoyed my 13 years with Turley and I am grateful for the opportunities and support that the business has given me to grow and develop my logistics experience for developers and occupiers alike. I leave the company knowing it still has significant capabilities to service this sector and hope to have opportunities to continue working with them in my new capacity”.

“My new role at IMP will predominantly be to focus on the logistics sector, helping the business deliver the 12m sq ft of space they have under control, and looking to new opportunities that might be on the horizon. E-commerce is still very much driving the sector, and land supply remains a critical issue. With IMP’s track record and growing team, I am confident we can deliver planning,” he says.

“IMP is hugely ambitious. There are few major commercial developers with an in-house planning capability, which made this role very appealing. I believe this appointment can deliver a strategic advantage to the business in sourcing, securing and delivering sites. I’m familiar with most of the land bank, which is at different stages of the delivery process with some already attracting the interest of major occupiers.”

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