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April 2018 news archive

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.