Concluding a consolidation of its Midlands operations, US-owned Ryder Trucks is relocating to its new regional HQ at 2610 The Crescent, a headquarters style building that provides 16,688 sq ft of office space at Birmingham Business Park. This letting represents another corporate occupier who has chosen to consolidate a number of offices onto Birmingham Business Park in a drive to improve the efficiency of their office accommodation.
The building was let by KWB on behalf of their client, Trans Properties. The offices were acquired by Ryder Trucks, just 3 months after the space became vacant, proving just how active and competitive the commercial property market is in this area.
Ryder Trucks, represented by Altus Edwin Hill, made the decision to bring its smaller satellite locations into a central hub in Solihull. Reorganising of company property in this way has been trending in the area over the past 12 months.
Advantages of consolidating office space include raised efficiency, increased cost effectiveness and improved staff communication. A notable example has been WM Housing, who recently moved their Rubery, Redditch and Bromsgrove operations all into 4040 Lakeside, another substantial office building at Birmingham Business Park.
KWB’s Mark Robinson said: “These offices on Birmingham Business Park are ideal for Ryder Trucks. The property’s size and layout is suited to the running of logistics, and various other operational aspects, for a company of this size.
“Trans Properties is welcoming a great new occupier in Ryder Trucks, who has managed to find a property that suits their needs – despite the fact that standalone properties of this size and composition are becoming scarce in the marketplace.”
Offices at Birmingham Business Park attract companies in the automotive and transport industries because of the strength of the Park’s communication links, not to mention the area’s first rate supply chain.
Mark Robinson continued: “Ryder Trucks will benefit from the Park’s proximity to junction 6 of the M42, as well as Birmingham International Train Station. In addition, being so close to Birmingham Airport will be particularly beneficial to Ryder Trucks as, being an American company, they will have a base for their Midlands operations that is well connected to the entire country, and many international locations too.”
There is a steady supply of occupiers with similar requirements in the market place, but whilst Birmingham Business Park has been able to facilitate many substantial relocations, expansions and consolidations of late, there is a finite amount of office space here and supply is dwindling.
On availability of office space in Solihull, Mark Robinson said: “We believe a proactive approach is now required, both for occupiers and developers. Developers and property owners need to be considering refurbishment of office space, as well as new office developments, in this area. In addition, we urge occupiers, with leases up for renewal within the next 2 years, to begin considering their options now, to ensure their future occupancy within the area.”