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April 2018 news archive

CREST NICHOLSON IS SECOND SIGNING AT BLYTHE VALLEY PARK

IM Properties (IMP) is pushing forward with delivering much-needed homes for young people and families in Solihull, announcing the second signing at its Blythe Valley Park (BVP) development, with award-winning housebuilder, Crest Nicholson Midlands.

Crest Nicholson will work with IMP to deliver 125 contemporary new homes, 31 of which will be affordable, including apartments, and three and four bedroom properties.

The partnership is part of IMP’s ambitious plans to create a groundbreaking, sustainable mixed-use community at BVP, combining residential with commercial and leisure space. Bloor Homes has already signed up to deliver the first phase of 170 homes.

As part of its commitment to expanding its regional portfolio across the Midlands, BVP will be the fifth development the new Crest Nicholson division has launched since it formed in November 2017.

Jonathan Dyke from IMP’s strategic land division, IM Land said: “It’s fantastic to have Crest Nicholson on board and great news that it chose Blythe to continue its regional expansion.
“The quality of homes both Crest Nicholson and Bloor Homes will deliver sits well with IM Properties’ vision for the business park, and reflects the high calibre of occupiers already attracted to the offices, amenities and prime setting within 122 acres of parkland.”

Crest Nicholson and Bloor Homes will both be submitting reserved matters applications later in the month, which will detail plans for their respective schemes.
Ben Miller, managing director at Crest Nicholson Midlands, said: “Solihull has seen a surge in popularity in recent years, given its proximity to Birmingham city centre, so we expect to see strong demand for quality new homes at this development.

“Our scheme will appeal to a range of buyers, from those searching for their first home, to local downsizers and families looking to be positioned in this sought-after area of the Midlands with access to open parkland.”

As part of Crest Nicholson’s commitment to supporting the first-time buyer market, the majority of homes will be available to purchase on the government-backed Help to Buy scheme.

BVP is positioned on junction 4 of the M42, just a short drive from Solihull town centre. The site provides excellent accessibility across the UK, with Birmingham, Manchester and London all easily reached from the site.

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.

 

IM GROUP INVESTS £30M IN NEW STATE-OF-THE-ART HQ CAMPUS

IM Group Ltd (IM) has announced plans to relocate its headquarters from Coleshill to Fore Business Park in Solihull, bringing in excess of 250 jobs to the area.

The move is in response to IM’s current offices in Coleshill being acquired by HS2 to make way for the London to Birmingham High Speed line.

A purpose-built, state of the art campus including offices and a training academy is being constructed for the IM Group of companies including IM Properties, Spitfire Bespoke Homes, International Motors, Isuzu UKand Subaru UK.  The campus will also include an office for Christian Vision, a charity established by IM’s founder Lord Edmiston.

Planning Permission was granted for the scheme by Solihull Metropolitan Borough Council in October 2017 and initial groundworks started on site in January 2018.  As part of the application, IM secured consent for an additional 100,000 sq ft of offices to sit alongside its new headquarters.

Andrew Edmiston, IM Group Ltd’s managing director said:

“Over the last few years IM Group has been developing rapidly, although we did not expect to be moving from our previous location so soon, we are excited to be moving into Solihull.

“Fore Business Park gives us excellent road, rail and air connectivity which is critical to IM - as we are a truly international business.

“We firmly believe in providing the very best facilities for our staff and visitors and our new HQ is an opportunity to go further than we have been before in that regard. The effort we are putting into this project reflects the confidence we feel in our future.”

Tim Wooldridge, IM Properties’ managing director added:

“Fore Business Park is a good fit for the business as a major investor in the Midlands region. Looking forward we have a £1.5 billion development pipeline of space to deliver and with major assets such as Blythe Valley Park delivering significant economic growth on the M42 corridor, it makes sense to be located close by.

“The landmark design reflects the important and highly visible position on the M42 and the buildings incorporate cutting-edge design features promoting wellness at work through fitness facilities, roof terraces and large communal staff areas for flexible and collaborative working.  The campus has been future-proofed for the expansion of our Group over time and designed with sustainability at its heart including renewable energy measures and an EPC rating of A.

“HS2 provides exciting opportunities for both business and investors in the region and as connectivity and infrastructure rise to the top of both Andy Street’s and the West Midlands Combined Authorities’ agenda, there couldn’t be a better time to be involved.”

West Midlands Mayor, Andy Street, who attended the ground breaking added:

“The IM Group is one of the region’s success stories and it’s great to see the company moving forward with confidence, investing in the future of the business, creating new jobs and opportunities and contributing towards the future prosperity of the West Midlands.”

 

IM Properties pushes forward with final phase of The Hub

IM Properties is to undertake its third and final phase of speculative development at the Hub, Birmingham where it will develop three units totaling 152,000 sq ft.

Local contractor Benniman is partnering with IMP’s in-house project delivery team to build the 100,000 sq ft warehouse, alongside two smaller units of 30,000 sq ft and 22,000 sq ft, targeting local and regional companies needing easy access to the city.

The Hub, which is just three miles from the centre, has been a real success story for IMP, making its mark as home to the new Wholesale Markets, built by IMP for Birmingham City Council and the location of the first Electricity Cost Neutral logistics building in the UK, let to Argos on-line.

The final phase of the 90-acre site, will mean IMP has delivered close to 900,000 sq ft of Grade A space designed for logistics, distribution and manufacturing occupiers including Iron Mountain, TIMET and TNT.

Richard Lawrence, IMP’s development director said: “We acquired this site in June 2013 and have benefited from it being a first class employment site, close to the city centre, ideal for last mile delivery, but also as a prestigious location for companies to be located and expand their operations.

“This month we will be breaking ground on a 250,000 sq ft prelet to Birmingham-based home-wares specialist KitchenCraft. Whilst in the main we’ve been delivering larger warehouses, we are particularly pleased to now be offering two smaller units to help small to medium-sized companies prosper in the region.

Richard added: “The conclusion of The Hub is well timed, as IM Properties gets set to partner with Birmingham City Council to deliver the first phase of one of the UK’s largest employment sites at Peddimore.

“Here we will also be looking to enhance the local economy and create the opportunity to retain and attract both local, wider Midlands and national and international occupiers.”

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.

 

Wavenet is latest member of the Blythe community

A fast-growing technology communications business has switched its HQ to IM Properties’ (IMP) Blythe Valley Park (BVP) on J4 of the M42.

Wavenet was established in Birmingham in 2000, and is a respected provider of data, voice and cloud solutions to thousands of businesses across the UK, growing from 40 to 70 employees over the past 12 months and annual turnover of almost £25 million.

IMP asset director, Rob Hemus, says the company has taken 10,633 sq ft of new office space at One Central Boulevard (OCB) on BVP, which recently underwent a £5m refurbishment.

“Wavenet were passionate about having a new and modern space, where employees and customers could take advantage of the services and community that we offer here at Blythe,” he said.

Stewart Motler operations director from Wavenet said: “When we started looking for our new office, our top priority was finding an office that reflected our business as it is now and in the future.

“Whilst we did look at Birmingham city centre and the surrounding business parks initially, their location didn’t fit what we were looking for. Blythe was our first choice from the start. As a company that puts pride in our mission to make businesses brilliant it was vitally important for us to find a brilliant location for our business, we believe we have that here.

“We have acquired some new and exciting business ventures and our need for talented staff is likely to grow year on year and we expect to create a number of new jobs.

Stewart continued: “We believe Blythe will help both attract and retain the talent we need as a growing business, through its prominent location alongside an impressive list of businesses at the park.”

Rob Hemus added: “One of the strengths of Blythe since we acquired it, is its ability to attract a wide range of occupiers, from technology to leisure.

‘We believe this is in part due to the genuine sense of community here and suitable space for growing companies combined with the significant investment in transforming the quality and range of office stock. As a company we pride ourselves on not only providing the best environment to occupiers, but also the best service as well”

Rob Hemus added: “The acres of parkland, quality of environment and the buzz about what we’re creating here really seems to resonate with ambitious occupiers.

“We’re breaking the mould of traditional business parks and aiming to create a truly mixed-use community to include commercial, leisure and residential uses, all of which is very attractive to occupiers and talent.

“Digital and advanced technology companies are a key target sector at BVP and the local demographics and skill base offer a good match for employers.”

The recent letting to Wavenet comes at a time of a wider development push on Blythe, which will see some of the first speculatively built offices and commercial space to be delivered 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.

Both are being delivered speculatively, which reflects both IM Properties confidence in, and long-term strategic vision for the park, which is on the outskirts of Solihull and close to J4 of the M42.

BVP is already home to a wide array of blue-chip occupiers; including Gymshark, Infor, PKF Cooper Parry, Siemens and Zenith.