the west midlands |
DEVELOPMENT WILL COMPLETE FINAL PIECE OF VANGUARD PARK S
hrewsbury’s Morris Property is to complete the final plot at Vanguard
Park, 11 years after it started developing one of the region’s most successful business parks.
It will provide 21,500 sq.ft of trade counter space on the last parcel of land, a prominent two acre plot located adjacent to the VW dealership. The building will be divided into six units of different sizes and made available for sale/ to let, with significant interest already expressed in the scheme.
Preparation works started in November on the land, which has been used as a temporary vehicle compound with completion scheduled for April 2018. The 20-acre Vanguard Park is a major success, with its location, management, design and communication links proving a draw to local, national and international businesses. Trade counters there have sold in lot
sizes of £200,000 up to £4m to local and national investors, and pension funds. Today Vanguard provides 205,000 sq.ft of space and is home to businesses including Volkswagen Inchcape Dealership,
Toolstation, Brandon Tool Hire and Motor World.
Liz Lowe, Head of Estates at Morris Property, said: “Vanguard is one of the most well-known trade parks in Shropshire and finishing the last plot will be a real
achievement for the company. The new development will provide more quality space and complete the final piece of the jigsaw. “We are excited about this final phase and proud to be associated with a development which has helped other businesses to grow and attract jobs and investment to the area. “Vanguard Park was developed using a strong design to give a sense of identity with unit sizes to meet modern requirements. We continued building throughout the recession because it
maintained its strong appeal to a wide range of occupiers and investors.” Morris Property is part of a fifth generation business and owns and lets 900,000 sq.ft to 200 tenants ranging from retail, offices to industrial units in and around Shropshire.
For further editorial information please contact Charlotte McIntosh on 01743 234224 or email
charlottemcintosh@morrisandco.com £28 MILLION GILDER’S YARD DEVELOPMENT W
ork has started on site to deliver a £28 million build-to-rent scheme
which will create 156 new homes in Birmingham’s Jewellery Quarter, Blackswan announced today. The beginning of construction work
on the site in Great Hampton Street follows a deal which saw the UK’s largest listed residential landlord, Grainger, agree to forward fund and acquire the private rented sector (PRS) development, known as Gilder’s Yard, from Blackswan. It marks an important milestone for Birmingham-based Blackswan as the first of several exciting developments it has in the pipeline in the historic Jewellery
Quarter.
Planning permission was awarded earlier this year to develop the industrial site into 156 high quality one and two- bedroom apartments, with 47 parking spaces, 28 cycle spaces, and commercial units.
Blackswan will develop the site and Midlands-based construction group Shaylor has been appointed as contractor. The development will involve demolishing some of the existing buildings and the renovation of the three- storey Grade II listed former jewellery factory at 16-18 Great Hampton Street, which was once home to J Ashford & Son. Blackswan managing
director Marcus Hawley said: “It’s wonderful to see work finally begin at Gilder’s Yard, an exciting and attractive scheme which will give this part of the Jewellery Quarter a huge lift. Great Hampton Street is full of character and we hope Gilder’s Yard will act as a catalyst that brings this important
COMMERCIAL PROPERTY MONTHLY 2017 street back to life. “This project marks a major milestone
for us. The Jewellery Quarter is a unique location and forms a key part of our business growth strategy. We are based locally and we can appreciate the enormous potential it offers us to create great places that knit in the historic environment and character with high quality new spaces. “Gilder’s Yard, and the other potential
developments we are currently exploring, will improve the Jewellery Quarter, offer high quality new homes, and make the area even more vibrant than it is now.” Grainger is the UK’s largest listed residential landlord. Birmingham is a key target city for Grainger’s PRS investment strategy due to its strong economic prospects and growth potential. Ed Ellerington, national acquisitions
director of Grainger, said: “We are very excited about Gilder’s Yard which will create 156 brand-new, high quality homes, built specifically for the rental market. Birmingham is a key target city for us. We know it well, with an established local property management office, and we hope that this is the first of several new developments that we can help bring forward in the area.”
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