Construction has started on Prime Park, a 70,000+ sq ft industrial development in Birmingham. The site will provide energy-efficient warehouse and trade counter space in a prime roadside location in Birmingham.
Legal & General Investment Management’s specialist industrial fund, IPIF and their development partner, Prime Box are delivering the development on a 3.4-acre brownfield site off Hamstead Hill, just four miles north of Birmingham city centre, with completion set for Spring 2024.
Discover the site
Located next to a new Lidl superstore, the scheme will comprise 10 units ranging from 1,690 sq ft to 28,416 sq ft (units 7-9 combined) with target BREEAM ‘Excellent’ and EPC-A+ ratings, along with targeting net zero carbon in operation.
The buildings will benefit from air source heat pumps, solar photovoltaic (PV) panels and there will be electric charging for cars and vans. The larger units will have first floor fitted offices, complete with energy-efficient electric heating and LED lighting.
Several of the units have already been pre-let or are under offer to occupiers, including self-storage operator SureStore, which has taken the largest single 17,229 sq ft building, with Greggs bakery taking the smallest unit (1,690 sq ft) at the front of the estate.
Kenny Allan, Director of KWB Industrial Agency, is joint letting agent for the development with Mark Fitzpatrick of Johnson Fellows.
The team behind Prime Park
Richard Lord, of Prime Box, said: “I’m thrilled to see construction get underway on this scheme. This disused former factory will be able to offer high spec sustainable buildings.
“We have prioritised energy efficiency to minimise environmental impact and appeal to occupiers. Employers, employees and customers alike are putting increasing focus on sustainability.”
Kenny added: “The fact that several of the units were pre-let or under offer prior to construction suggests that the remaining units won’t be available for long. I urge interested occupiers to get in touch as soon as possible.
“There continues to be huge demand for industrial space in Birmingham and the West Midlands, and Prime Park ticks all the boxes with excellent roadside prominence, transport connectivity and high volumes of passing traffic.”
Local Halesowen contractor A&H Construction is the Main Contractor for the scheme, which has a GDV of c.£20m.
Jonathan Holland, Senior Fund Manager for LGIM Real Assets, added: “It’s really satisfying to be transforming this redundant site into a thriving development. Its excellent location and high quality floor space will bring inward investment to the area and new jobs for local people. “
For more details on units available at Prime Park, contact Kenny Allan on 0121 233 2330 or email firstname.lastname@example.org.