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March 2018 news archive

BLOOR HOMES TO DELIVER FIRST PHASE OF NEW HOMES AT BLYTHE

IM Properties (IMP) has signed up Bloor Homes to deliver 170 new homes on its Blythe Valley Park (BVP) scheme near Junction 4 of the M42.

A reserved matters application will now be submitted detailing plans for the development, which represents the first phase of 750 homes granted outline consent in 2017.

IMP and Bloor Homes have worked closely with Solihull Metropolitan Borough Council in preparing their detailed plans for the proposed development.

Bloor Homes is one of the UK’s largest privately-owned housebuilding groups and has a successful track record in delivering high quality residential developments across the country.

IMP believes Bloor Homes is well placed to assist in its vision for BVP, creating a sustainable new community and one of the first truly mixed-use schemes in the Midlands, breaking the mould for business parks in the region to include commercial, leisure and residential uses.

Bloor Homes is proposing a mix of 1,2,3 and 4-bedroom homes with public open spaces and play opportunities for children, utilising the 122 acres of country park surrounding the BVP scheme which already includes a nature trail, to create a rich and diverse environment for all to thrive in and enjoy.

Jonathan Dyke from IMP’s strategic land division, IM Land said: “We have worked long and hard on our vision to deliver much needed homes in Solihull and we believe Bloor Homes will create the right mix and quality of homes required for younger families, first time buyers and those people wanting to be located near to their work or as part of a thriving new sustainable community.”

Paul Degg, Regional Managing Director of Bloor Homes Midlands, said: “We are delighted to be working with IM Properties to deliver the first phase of homes at this ground-breaking mixed-use development.

“The vision for Blythe Valley Park is to create a high quality and attractive new neighbourhood with a village character and a strong sense of community, and we are confident our proposals will achieve this.

“We will be submitting a reserved matters application in the very near future and, subject to approval, we plan to start construction work on the first homes in the autumn.”

IMP has invested significantly in BVP over the past 12 months to create a strong amenity offering including a new independent coffee shop, Java Lounge. This adds to the Virgin Active Health and Busy Bees nursery already established at the park with further landscaping, public realm, recreational and retail facilities planned over the course of the development.

IMP is also delivering the first speculatively built offices and commercial space on the M42 in a decade. This includes a 15,000 sq ft office building (FIRST) due to complete in May this year, and Connexion, a 209,000 sq ft campus of high quality logistics and manufacturing space across five buildings, available in the summer.

The investment reflects IMP’s confidence in its strategic vision for the park, which is already home to a wide array of blue-chip occupiers; including Gymshark, Infor, PKF Cooper Parry, Siemens and Zenith.

IM Properties revealed as preferred development partner for Peddimore

Birmingham City Council has unveiled IM Properties as its preferred Development Partner to bring forward the first phase of Peddimore - one of the UK’s largest prime manufacturing and logistic sites.

Set to create up to 10,000 jobs and contribute £350 million to the local economy, the collaboration between Birmingham City Council and IM Properties will look to create a ‘world class’ employment park, designed to retain and attract both local, wider Midlands and major national and international occupiers.

The announcement follows a marketing and selection process that was launched at MIPIM in 2017 and has involved a procurement process which was extremely competitive and attracted interest from major industrial developers from within the UK and overseas.

The development of the Peddimore site reflects the emerging new approach being taken by the City Council to its property assets to drive value with an increased emphasis on quality whilst delivering the Council’s Social Value objectives. Peddimore will be developed in two phases with IM Properties developing Phase 1 (37 hectares), leaving phase 2 in the Council’s ownership. The retained land will be targeted at major manufacturing occupiers. 

The scheme will include a new junction on the A38, utilities to service the whole development, and over 45,000 square metres of new industrial floorspace within 2 years of the access being completed. All industrial units will target a minimum of BREEAM standard ‘excellent’. 

In line with Birmingham City Council’s desire to deliver greater social value from its collaborations, IM Properties will be making a significant contribution to the local economy and its communities and as part of its commitment will support disadvantaged people into work, fund people onto the Building Birmingham Scholarship Programme and 50% of its spend will be with local suppliers and SME’s.

Birmingham City Council Leader Cllr Ian Ward said:

“Peddimore will be a market leading development which will attract thousands of new jobs and significant new investment into the City. I am delighted with the outcome of the developer selection process, which reflects both the confidence in the City, and the strength of our industrial market. IM Properties have shown a clear commitment to work with the City Council in partnership to deliver a high-quality development that achieves lasting benefits to the local community.”

Waheed Nazir, Birmingham City Council’s Corporate Director for Economy, said:

“I am delighted that IM Properties have been confirmed as our development partner for Peddimore. The selection process has been extremely competitive and has attracted some very high-quality submissions. I look forward to working with the IM Properties’ team to deliver a flagship industrial scheme which will deliver a lasting legacy for the City.”

Tim Wooldridge Managing Director of IM Properties said:

“We are extremely proud to have been appointed as the City Council’s development partner for Peddimore. Our successful selection underpins our commitment to the region and our aim to deliver outstanding, sustainable and innovative real estate with economic and environmental benefits for both businesses and the local communities we invest in.”

Kevin Ashfield, UK Development Director at IM Properties added:

“This will be our second collaboration with Birmingham City Council, having delivered the new Wholesale Markets at The Hub to the north of the city, at the end of last year. We now look forward to working with the Council again in creating what will be an exemplar development”.

Midlands-based IM Properties is one the UK’s largest privately owned property companies, with an investment and development portfolio exceeding £1bn across the UK, Europe and USA.

IM Properties to create new employment park with DPD super-hub

Plans for a new £225m employment park on which parcel delivery firm DPD will occupy Europe’s largest automated parcel hub, have been given the go ahead creating up to 2,400 jobs.

Midlands-based IM Properties (IMP) will create the new 82 acre employment Park - Hinckley Park, near J1, M69, with 39 acres dedicated to the new £150m super-hub for parcel giant DPD - after planning permission was granted last night by Hinckley & Bosworth Borough Council.

In a report given to councillors, planning officers advised that the park will contribute around £20m to the area’s economy during the construction phase, rising to around £47m a year when fully developed. DPD’s new facility will create 750 new jobs.

David Smith, Planning Director of IMP, which is one of the UK’s largest privately owned property companies, said the park would look to generate jobs across the manufacturing, light industrial and logistics sectors, by attracting new companies to the area and providing space for local businesses to relocate and grow.

“Naturally, we are delighted with the decision and fully committed to working in partnership with the council, residents and businesses to ensure the scheme delivers long-lasting economic benefits for Hinckley and the surrounding area,” he said.

“DPD’s decision to create its super-hub at Hinckley Park is a major boost and our vision remains to deliver a high-quality, sustainable business park which is not only a great place to work, but also generates significant amounts of employment opportunities for business and the community.”

DPD’s investment in the site follows a period of sustained growth for the company, driven by the boom in online shopping in the UK and DPD’s own investment in market leading technology. When operational it will handle some 71,000 parcels an hour.

The new hub will be DPD’s fifth in the UK and will be located just two miles from the firm’s Hub 4 and International Gateway in Sketchley, which both opened in 2015.

Dwain McDonald, DPD’s CEO commented: “I am delighted to announce this very significant investment in new jobs and infrastructure.  We are continuing to experience strong growth in demand for our services, which is why we are announcing another massive hub project less than three years after we opened Hub 4. 

“We’ve developed really strong links with the area and it is fantastic to be able to invest again in Hinckley.  A large part of that decision is based on the excellent workforce here and knowing that we can recruit a good quality team locally was key for us.  We already know that the location works brilliantly for us and having the two hubs and our International Gateway in such proximity will give us a huge amount of flexibility.”

Bill Cullen, Chief Executive of Hinckley and Bosworth Borough Council added: “This significant investment in DPD’s new super-hub along with new manufacturing and logistics development in this £225m employment park will bring significant job opportunities as well as apprenticeship opportunities to the local area, both during construction and in the new facilities being provided. 

“It will generate significant economic benefit to the area, improve public transport provision and underpin the Council’s aspirations for enhancing the prosperity of the Borough for the benefit of our local communities. I look forward to further developing our relationship with DPD and with other key occupiers on the site to ensure our communities experience maximum benefit from the scheme.”

David Smith continued:”We pride ourselves in being a significant investor in the Midlands, which is home to the majority of our assets and schemes. This park is the latest example of our ability to fund major developments, and also to think strategically and for the long-term.”

280 full-time construction jobs are expected to be created during each year of the build programme.

Historic city firm finds new home at IM Properties’ The Hub

One of Birmingham’s most successful companies will soon be moving home to a new purpose-built warehouse on the outskirts of the city, in a 15 year prelet secured by IM Properties (IMP).

Planning permission was gained by IMP and KitchenCraft for the 250,000 sq ft new building at The Hub, a thriving business park on the outskirts of the city.

Around 200 jobs will move from the current site once the unit is constructed and fitted out, which should be during the third quarter of 2019.

The Hub, spanning 90 acres, already numbers Iron Mountain and TNT among its major corporate tenants, and includes the UK’s first Electricity Cost Neutral (ECN.co.uk) logistics building let to Argos and the new Birmingham Wholesale Markets which IMP built for Birmingham City Council.

KitchenCraft is a market leading global developer and supplier of kitchen and homewares with some 4000 lines distributed to over 80 countries and claims every household in the UK has at least one of its products.

Many long-term customers will remember it as Thomas Plant; founded in 1850 in the heart of Birmingham. It became KitchenCraft in 1996 and is owned by a Nasdaq-quoted corporation - Lifetime Brands Inc.

With annual turnover close to £50m, it has outgrown its existing Garretts Green site, and needed a new location, which could house a national distribution; warehouse, office and show room space suitable for its current needs and projected expansion.

IMP’s development director, Richard Lawrence, was understandably delighted that such a famous and successful local business had chosen one of its schemes, not least because of KitchenCraft’s long history.

“As a Midlands based company we’re always pleased to be supporting the region and working to retain local businesses and enable them to continue their expansion in the area.

“One of The Hub’s biggest selling points is that it’s less than three miles from the centre, 1.5m people live within a 30-minute drive, and Witton Station - which is right across the road - is just 10 minutes from New Street Station.

“However, because this will be KitchenCraft’s national distribution hub, it also required a location which had great motorway access, and we’re right by the M6.”

Matthew Canwell, managing director of KitchenCraft added: “We are delighted to have committed to the next chapter of our businesses history and look forward to moving into our new home in 2019. The quality of the environment and the accessibility for suppliers, customers and our staff make this the right location for our business”.

Richard believes the pre-let agreement, and the long lease, reflects the park’s success since it was acquired by IMP in mid-2013.

“The Hub has secured a number of deals during our ownership with a mix of pre lets, pre sales and speculative development totaling 720,000 sq ft – we now only have eight acres of development land remaining and we expect to make a further announcement about this in the near future’’

MWRE acted on behalf of KitchenCraft.

CBRE, Knight Frank and Savills are joint agents for The Hub.

IMP is one the largest privately owned property companies in the UK, rooted mainly in the Midlands, with an investment and development portfolio of c£900 million across the UK, Europe and the US.