Sector Focus

Second hotel will create 30 jobs

A new 150-room hotel at one of the Midlands’ top sporting and leisure complexes is set to create more than 30 new jobs and could have a substantial economic impact on the regional economy. Wasps Group’s Ricoh Arena

complex already boasts a 32,600 capacity stadium alongside 20,000 square metres of event space, including the 6,000 sq m exhibition hall, casino, and various lounges. The proposed hotel – which

will be located at the stadium’s Car Park C – will further strengthen the group’s commercial operations. The new £15 million

Hampton by Hilton will be in addition to the complex’s 121- room Double Tree by Hilton and will enable the Ricoh Arena to attract more conferences and exhibitions to the site. The Ricoh Arena already stages more than 1,300 events a year.

‘The new hotel has the potential to create more than 30 new jobs’

A planning application has

already been submitted and, if successful, work on the new hotel could begin in the summer. The venue is scheduled for

completion at the end of 2021, in time for Coventry City of Culture and ahead of the Commonwealth Games which will be held in Birmingham the following year. Stuart Cain, chief executive

(Venue) at Wasps Group, said: “This is an exciting project which will greatly benefit not only Wasps Group but the city as a whole. “The new hotel has the

potential to create more than 30 new jobs in the hospitality sector and will bring in around £3.5 million per year to the local economy. It will also support Wasps Group’s ambitious commercial plans. We have some of the finest conference facilities in the Midlands. “The new hotel will make us

an even more attractive venue for organisers that are looking to stage large events over more than one day, and we estimate that it will boost revenue by as much as £1 million per year.”

82 CHAMBERLINK April 2020

The Glassworks shines again (from left): Mark Holden, Tom Haydon, Olivia Hewkin, Mark Davies, Madelene Schofield- Whittingham, John Pye, Nicki Collins, Marianne Munroe and (kneeling) Henry Chance from the trust

A historic glassworks in Smethwick is to be brought back to life thanks to a £25million regeneration project. The Chance Brothers Glassworks

in Smethwick, which in its prime employed 3,500 people and supplied specialist lenses to 2,000 lighthouses across the world, is set to be transformed into a new urban village with 20,000 sq m of space for business, leisure and much- needed housing. Driven by the Chance Heritage

Trust (CHT), the ambitious scheme aims to bring 2.2 hectares of derelict land and buildings back into use over the next five years, with 500 jobs set to be created if the plans are realised. Birmingham property

consultants Vail Williams, acting on behalf of the trust, provided valuation advice for the acquisition of the building and phase one development works.

The overall scheme will include

160 two-bed apartments, a small conference facility, café, retail space, heritage educational centre, enterprise space and a 30-metre tall lighthouse – a reminder of the world class work that was once carried out on this site. As part of its efforts to move the

scheme forward, the CHT has launched a scheme to give people the opportunity to buy shares in the project for as little as £20. It is hoped this will raise £110,000

towards creating final feasibility plans and the appointment of a full- time project manager. Following the launch event at

Smethwick Library, nearly £11,500 has been raised from a total of 70 investors. The next stage – and to ramp-up

interest – is to make local organisations and businesses aware that they can also be shareholders, so it is an opportunity for them to

potentially meet corporate social responsibility (CSR) aims by supporting this important regeneration project. Chance Heritage Trust will also

be rolling out an awareness and proactively approaching individuals and organisations who it thinks will be interested in the project and bringing this economically vital scheme forward. Trust director Tonia Flannagan

said: “Smethwick has suffered from a lack of investment and continues to struggle with high unemployment and a lack of skills. “Bringing the Chance Brothers

Glassworks site back to life gives us the perfect opportunity to address some of these issues and we are already looking at innovative ways where we can team up a with a construction company to deliver employment and training opportunities for individuals struggling to find work.”

Medical firm goes into the Valley

Global medical technology company Arthrex is relocating its UK base to IM Properties (IMP)’s Blythe Valley Park (BVP) scheme near Solihull. The new 17,100 sq ft offices will be

the second location for Arthrex in the UK (the other is in Sheffield), and will be the new British HQ for the privately-owned family business, which employs 130 people. The building is the fourth office

On site (from left): Adrian Baron, contracts manager at Benniman, Lewis Payne, Paul Bosworth and Rebecca Maughan, IM Properties project manager

building to be created at BVP for occupiers keen to be on the M42. Similar sized buildings have been taken up by the Rybrook Group, Prologis and Jerroms. Benniman Group has been

appointed by IMP to construct the building, with completion expected before Christmas. . IMP’s development director,

Lewis Payne, said: “Our focus on creating city-centre standard offices with a strong supporting wellbeing agenda has enabled us to attract many top-class occupiers to BVP. This deal leaves us with just seven acres still to be developed. “We’re delighted to be working

with Arthrex on this new facility, who are yet another high technology business that recognises the benefits of BVP. “We’ve worked collaboratively

with them to take this building from concept to starting on site in less than 12 months, which is testament to the quality of the team we have working on the project.” The new offices will include cycle

storage, shower facilities and landscaped external breakout areas including a roof terrace.


Glassworks regeneration has clear benefits for all

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