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December 2016 news archive

IMP attracts another prestige marque to Blythe Valley Park

IM Properties (IMP) has secured yet another pre-let at Blythe Valley Park, junction 4, M42, to Rybrook Holdings - one of the largest privately owned new and used car retailer groups in the UK.

Warwickshire based Rybrook Holdings, which represents most major specialist and luxury franchises, plans to use the new 15,237 sq ft building as a hi-tech after sales and preparation centre for its Birmingham Rolls Royce, McLaren and Specialist Used Car retailer at Hockley Heath, Solihull.

Likely to open early in 2018, Rybrook’s letting is the second at Blythe to be announced in the last month, alongside Prologis’ new UK headquarters which will be built by IMP’s in-house project delivery team.

IMP’s development director, Lewis Payne sees the selection of Blythe as a huge fillip for the park.

Lewis Payne said: “Not only does the prelet demonstrate a confidence in the business park’s offering, but it also clearly reflects its excellent connectivity and ability to reinforce a top-class experience for Rybrook’s customers.

“The quality of the park both in terms of infrastructure and environment speaks for itself and this marries well with the expectation of Rybrook’s customers.  We’re delighted Rybrook has chosen Blythe for this facility and we look forward to working closely with them on this exciting project.

“Further prelets and design and build options are already being discussed and we are confident our long term vision for the scheme is ticking all of the boxes for occupiers. “

Peter Hemus, property director at Rybrook said: “Rolls Royce and McLaren are synonymous with high quality and exceptional engineering and Blythe Valley provides an environment in keeping with those attributes.

“Our customers are based over a wide geographical area and the adjacency of our new after-sales centre to the midlands’ motorway network and our showrooms at Hockley Heath will significantly benefit the efficiency of our business and the service we provide to our customers.”

Key occupiers at Blythe Valley include Arup, Caterpillar and Siemens, with Infor, EEF and Zenith all signing up to the newly refurbished, Grade A One Central Boulevard.

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 set to deliver sustainable new community in Solihull

One of Solihull’s most ambitious sustainable new communities in recent years, centred around 750 new homes at Blythe Valley Park has received a resolution to grant consent from Solihull Council’s Planning Committee.


The application was submitted by locally based IM Properties (IMP), who also owns Mell Square Shopping Centre and is one of the region’s largest investors.


Outline Planning Permission will now be issued by the Council subject to a section 106 legal agreement, which is likely to generate circa. £9.5 million of additional investment in improvements to highways, footpaths, public transport, local schools and medical services.


As part of the approved plan, IM Properties will also look to add a further 1 m sq feet of commercial space at Blythe, which will potentially create up to 7300 new jobs in the area. Provision for a 200-bedroom hotel and a housing with care facility of up to 250 units, leisure and other uses of up to 40,000 sq ft is also included.

Lewis Payne, IM Properties’ development director said: “We would like to thank all those who commented on the plans, as well as Councillors and Council officers who had the vision to approve our proposal.

 

“We have worked tirelessly on this application, including extensive public engagement and believe the new scheme will prove a tremendous boost to Solihull and provide much needed housing for younger families and first time buyers who want to find a home.

 

“The new community will have the benefit of a largely undiscovered 122 acre Country Park, which is to be enhanced and extended to surround the new scheme, creating a rich and diverse environment for all to thrive in and enjoy.”

 

Warwickshire based IM Properties, which bought the 260-acre park out of receivership for around £125m at the end of 2014, is one of UK’s largest privately owned property companies and has invested considerably in the region, with some £250 million injected into the Solihull Borough since 2014.