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October 2017 news archive

CONNEXION COMMENCES AT BLYTHE VALLEY PARK

Work has commenced on IM Properties’ speculatively developed high quality industrial & distribution space at its Blythe Valley Park scheme (BVP) junction 4, M42.

The £26m, 209,000 sq ft Connexion scheme is a new build campus of five, high specification units ranging from 31,000 sq ft to 56,500 sq ft, ready for occupation by Q3, 2018.

IM Properties’ in-house project delivery team will manage construction of the scheme in partnership with local contractor, Benniman.

Rachael Clarke, IMP’s development manager says Connexion is a unique offer within the industrial and distribution sector, offering a campus of new-build Grade A units, with 10m clear height, generous yards and EPC A rated buildings. We believe these are the only available units of this kind within the Solihull area.

“Latest research shows there is less than one year’s supply of Grade A space available in the area on small to medium box requirements, and so we’re expecting demand to be strong.

“The high quality of design and contemporary colour palette has been deliberately chosen to appeal to a wide range of occupiers from ‘last mile’ logistic operators to manufacturing, as well as the creative, digital sector and ICT.

“Sitting close to junction 4 of the M42, Connexion also offers excellent connectivity - a key driver for many new arrivals to BVP including Gymshark, Rybrook, Prologis and PKF Cooper Parry.”

Connexion also provides good access to the M6 and M40, Solihull town centre, with Birmingham Airport, the international train station and the future HS2 hub also within easy reach.

Rachael continues: “These latest units will give the park a truly mixed-use feel with outline planning also granted on BVP for 750 homes.

“With 122 acres of country park and a Virgin Active Gym, Java Lounge coffee house, and Busy Bees Nursey as part of the amenity mix, IM Properties’ focus on workplace wellbeing makes BVP a strong setting to recruit and retain talent.”

CBRE and Savills currently act as agents on BVP. For more details visit http://www.blythevalleypark.co.uk/


RICS deal completes hat-trick for IMP’s 55 Colmore Row

IM Properties (IMP) has secured three of the largest office requirements in the market in the past 12 months at 55 Colmore Row, with its third signing to the Royal Institution of Chartered Surveyors, RICS.

The £30m mixed-use scheme in the heart of Birmingham is now two thirds full, with RICS taking 30,000 sq ft over two floors.

The 160,000 sq ft Grade A location, unveiled less than a year ago, has already attracted lawyers Pinsent Masons and property consultants Savills, who are taking a combined 57,000 sq ft across three floors.

IMP’s investment director, John Hammond added: “If you’re going to develop prime offices, you couldn’t be much better placed in terms of location than 55 Colmore Row. We always understood its potential and that’s why we invested so significantly to create the best offices in the city centre.

“Quality and location will always trump the competition, although undoutedly it was also a question of being in the right place at the right time, with Colmore Row and the surrounding business district enjoying considerable growth and attention.

“We were delighted Pinsents and Savills decided to come here, but it is especially satisfying when the association which drives best practice and the highest quality of professional standards into our industry also chooses us, and from a very competitive market-place.”

Joint agents for the office space at 55 Colmore Row are Savills and CBRE, with Birmingham-based BWD Retail handling the retail and leisure sectors.