IM PROPERTIES DELIVERS FURTHER 80,000 SQ FT LETTING
IM Properties (IMP) has secured an 80,000 sq ft prelet on Birch Coppice.
The prelet has been agreed with bathroom manufacturer, HiB Limited, which already operates on the 400-acre park on junction 10 of the M42. HiB wants to double its existing space requirement and has signed a new 15-year lease on the building, which will be completed in Q2 2017.
The prelet follows hot on the heels of the Autins Group also agreeing a 15-year lease on a 47,250 sq ft unit, for its new Solar Non-Woven Ltd subsidiary, which will manufacture a new type of micro-fibre insulation created in Korea.
Robert Ginsberg, HiB's managing director said, "We are delighted to be working with IM Properties on our second unit on Birch Coppice which will allow for further growth over the next 15 years”.
IMP is also delivering a further two units - 282,000 sq ft and 63,000 sq ft in July and August of this year as part of a £50m, Five Live programme. Launched last September, it aims to deliver 500,000 sq ft of speculative space at Birch Coppice, and The Hub, on the outskirts of Birmingham, via five new industrial units.
Rachael Clarke, IMP's development manager said: "Birch Coppice has been a real success story, with 1.4m sq ft of construction over the past 12 months. It ticks all the boxes for quality of location and product, offering the region's largest rail link and a size of unit that is in extremely short supply at present.
"Our investment in the Midlands is significant and as a local company we are pleased to be able to work with existing businesses such as HiB to enable them to grow, which in turn helps secure the long-term prosperity of the region."
Current occupiers on the Birch Coppice scheme include Euro Car Parts, Ocado, Bunzl and UPS.
The agents for Birch Coppice are CBRE, Colliers International and Eagleton & Co.