IM Properties has completed a 15,237 sq ft prelet for Warwickshire based automotive retailer Rybrook Holdings, the first part of 260,000 sq ft of office and commercial space to be delivered at Blythe Valley Park (BVP) this year.
Rybrook Holdings, which is one of the largest privately owned premium franchise car retailer groups in the UK, will use the building as a hi-tech aftersales and preparation centre for its Rolls-Royce Motor Cars Birmingham, McLaren Birmingham and Rybrook Specialist Used Car sales centres which are located in Hockley Heath, Solihull.
The new Rybrook Specialist Technical Centre offers customers a state of the art facility with customer lounge and boardroom facilities to provide an exceptional customer experience, with plenty of customer parking and featuring the latest workshop technologies.
It is part of a major development push on Blythe, which will see an end value in excess of £35m and some of the first speculatively built offices and commercial space to be delivered on the M42 in a decade.
IMP’s development director, Lewis Payne, is delighted to welcome Rybrook to BVP, which he says will add strength to the diversity and quality of occupiers on the park.
“Rybrook’s arrival is an important prelet for IM Properties,” says Lewis. “It shows the opportunity to create purpose-built premises alongside a programme of refurbishment of existing space which has been ongoing for the past three years.
“The Rybrook development will be closely followed by a new HQ for Prologis and the first speculatively built office building on the park, which will be delivered in the spring. These will be followed by Connexion, a speculative development of five new high quality logistics buildings available in the summer.”
“The ultimate aim,” continued Lewis. “Will be to create a thriving new community, and a truly mixed-use offer which will provide 750 homes, offices, commercial and leisure space and will break the mould of what is perceived to be a business park.”
Peter Hemus, property director at Rybrook said: “Blythe Valley Park was a natural choice for this new facility given its proximity to our dealership at Hockley Heath. The Park enjoys great connectivity to the motorway network and provides a quality of environment that is in keeping with our premium brands and caters for the wellbeing of our staff. The new facility will also provide important meeting space for the Rybrook business being central to our operations across the country.”
Key occupiers at BVP, located at junction 4 of the M42 include Gymshark, PKF Cooper Parry, Arup, Siemens, Infor, Oracle, Abbot and Zenith.
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.