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| news


BARBERRY TO START 65,000 SQ.FT SPECULATIVE DEVELOPMENT IN BIRMINGHAM C


onstruction of a 65,000 sq.ft industrial unit in Birmingham’s Advanced Manufacturing Hub (AMH) is about to get underway, Barberry Developments announced today.


Birmingham City Council and Homes England, advised by Savills, sold the 2.9-acre site in Aston, to Barberry on the 31st of January 2018.


The council has now granted Local Development Order approval to the proposed scheme and the contractors Benniman are gearing up to start construction on site this week, said Barberry development director Jon Robinson. Barberry will speculatively develop a 65,000 sq.ft industrial facility at the site, to be known as Barberry 65, located immediately adjacent to J6 of the M6. Construction is due to be completed by the end of Q3 2018. The company is also currently nearing completion of a 46,000 sq.ft industrial unit – known as Barberry46 - at a site on the A34, between Birmingham city centre and J7 of the M6.


Jon added: “Birmingham and the West Midlands is in dire need of more high


ommercial office lettings in Cardiff to the end of 2017 were up 3% year compared with 2016, according to new figures released by leading commercial property agent Cooke & Arkwright. The data shows that total space leased in Cardiff to the end of 2017 was 703,926 sq.ft, compared with 685,640 in the previous year. This is also an increase of 12% on 2015 and 23% on 2014. Though a 3% rise year-on-year, without the substantial Government Property Unit deal of 260,000 sq.ft in Q3 of 2017, the year would have ended with a fall in transactions to levels last seen in 2013. This slower growth is in part explained by an unprecedented bumper few years in Cardiff, with several major, high-profile Grade A city centre lettings to organisations including Hugh James, BBC, HMRC and Motonovo. A subsequent lack of Grade A and B stock in the market, coupled with lower levels of smaller transactions, also explains the slower increase. In total across 2017, 463,353 sq.ft of space let was Grade A (66%), 225,529 Grade B (32%) and 15,044 Grade C (2%). In this year, city centre locations accounted for 587,932 sq.ft, Cardiff Bay locations for 36,850, and Business Parks for 79,144 sq.ft. Tim Lawley, Associate Director at Cooke & Arkwright, specialising in office and industrial agency, said: “2017 was another record year for Cardiff office deals, demonstrating the continued strength of the market and the appeal and calibre of the city centre as a high-quality place to do business. “However, the 2017 figures should be taken with an element of caution, given that they are largely driven by the major HMRC deal. “This comparative slowing of the market could also be a knock- on impact of current restricted Grade B and Grade A supply, after a flurry of development activity over the past few years. “Nonetheless, there is much to celebrate. The challenge now is


C


for the market to look to landlords to retain and refurbish existing stock for commercial use, to complement further Grade A developments currently in the pipeline.”


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quality industrial space and so we are very pleased to be able to move on to the construction phase at the Advanced Manufacturing Hub. “The AMH development complements several other schemes that Barberry is delivering within the region. We believe our investment will generate strong demand from both regional, national and global manufacturing, light industrial and research and development businesses - ultimately generating jobs, economic growth and regeneration for the region.” As part of the AMH, the land benefits from a Local Development Order, which grants planning consent for manufacturing, light industrial and R&D use without the need for a conventional application. The new property will be the second speculative development at the AMH, following the 94,500 sq.ft Apollo building which completed and was let to Salts Healthcare.


HydraForce Hydraulics was the first occupier to commit to the AMH in 2014, with more than 500 staff now based there at its 120,000 sq.ft (11,148 sq.m) European headquarters. Additionally, global tool manufacturer Guhring has developed a


RECORD YEAR FOR LETTINGS C An artist’s impression of the Barberry 65 development at the Advanced Manufacturing Hub


50,000 sq.ft (4,645 sq.m) factory at the site, which accommodates R&D and the full manufacturing process. Charlie Spicer, industrial director at Savills, said: “Barberry’s investment and confidence in the AMH is another major milestone in the progression of the scheme and highlights its growing maturity. Enquiry levels for mid – box units of between 30,000 – 80,000 sq.ft has continued to increase and Barberry are set to provide a suitable building to satisfy these occupier requirements”


Both Savills and JLL are the retained property consultants for Barberry. Barberry will be attending MIPIM supporting the Midlands Engine.


150,000 SQ.FT ACQUIRED IN NEWPORT


ardiff-based commercial property company Rombourne has acquired the former Avana Bakeries premises at Rogerstone, Newport and will develop the nine acre site as a Business Park to provide up to 200,000 sq.ft of manufacturing, warehouse and office accommodation. The company has already begun to refurbish and subdivide the existing accommodation to create a range of distribution and manufacturing units from 10,000 sq.ft upwards, as well as smaller workshops and open storage compounds. Located within two minutes from J28 M4, and accessed from the A467, the site will be known as the Avana Business Park. Cushman & Wakefield and DLP Surveyors have been


appointed as joint agents to market the new industrial park. Chris Yates of Cushman & Wakefield said: “This site was an important source of jobs in the area for many year.”


BINGHAM HALL PARTNERSHIP RELOCATE TO TY NANT COURT


B


ingham Hall Partnership, a leading civil and structural engineering consultancy, have leased the ground floor of Unit 5


Ty Nant Court, Morganstown, Cardiff. The company is relocating from Trident Court, East Moors Road where they have been based for the past 20 years. Their new 1,250 sq.ft office is of a high standard incorporating comfort cooling, modern partitioning, raised floors and suspended ceilings. The lease term agreed is for a term of 5 years from December 2017.


Emanuel Jones represented the landlord with Bingham Hall Partnership representing themselves.


COMMERCIAL PROPERTY MONTHLY 2018


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