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PxP West Midlands completes speculative industrial scheme at Bromsgrove Technology Park
LangtreeNov 01, 2011 13:43 GMT
PxP West Midlands has completed construction of Sapphire Court, the first phase of its £9 million speculative industrial development at Bromsgrove Technology Park, Worcestershire, UK.
One of the first speculative developments to be completed in the West Midlands since the economic downturn, and the largest project undertaken by PxP West Midlands to date, Sapphire Court features 13 units with a combination of B1, B2 (general industrial) and B8 (storage and distribution) units, totalling 35,550 sq ft. The units have been constructed to a high standard offering self-contained, secure and BREEAM ‘Very Good’ industrial units to let in Bromsgrove ranging from 1,402 to 5,378 sq ft.
Additional hard standing and roads have also be laid around the 6.4 acre site in preparation for future phases, reinforcing PxP West Midlands’ commitment to the long-term programme and success of the site. When completed, the overall scheme will offer 98,000 sq ft of flexible industrial units, all rated to a BREEAM ‘very good’ sustainable standard.
PxP West Midlands, which is a private-public partnership between developer Langtree and the Homes and Communities Agency, has worked very closely with Bromsgrove District Council to bring the development forward.
Mark Stapleton, managing director at PxP West Midlands, commented: “We are delighted that construction has been successfully completed at Sapphire Court bringing 13 brand new, high quality industrial units to the marketplace. Bromsgrove Technology Park is distinguished by its prime location and specialist business community set within an attractive environment. As such, we were confident from the outset that there were sufficient levels of interest for us to deliver this scheme speculatively and were delighted that Bromsgrove District Council supported our ambitions for Sapphire Court.
“We are marketing these properties for lease and sale and are pleased to be already in negotiations with a number of interested parties. We also have outline planning consent for design and build opportunities up to 40,500 sq ft and look forward to also bringing forward these bespoke properties as we further enrich the Technology Park’s business community.”
Situated to the south of Bromsgrove town centre, Bromsgrove Technology Park is already a well-established location for businesses.
Sapphire Court demonstrates the high calibre of property which PxP is focused on delivering. Each property offers a single loading door, separate pedestrian access, designated car parking spaces, toilet facilities, incoming services and intruder alarms. Three of the units have purpose-built offices of a high specification and each unit is designed to allow the installation of a mezzanine floor and additional office content if required. The feature glazing and extended eaves heights stand these newly built units apart as a product that is unparalleled in the area.
Bromsgrove Technology Park is located in a prime position off the A38 at Isidore Road, Aston Fields, in close proximity to the M42 and M5, providing easy access to the nearby M40 and M6.