Blythe lettings show wide appeal of the park

IM Properties (IMP) has secured a further tenant on its M42 scheme, Blythe Valley Park (BVP) Solihull, to business software design house, Configit.

Configit is the world leader in Configuration Lifecycle Management and has signed up for 9,500 sq ft for five years in the Rhodium building.

The deal follows hot on the heels of a further 2,000 sq ft being taken in Cornwall House by a leading independent exploration and production specialist operating in the natural gas and liquids sectors.

IMP asset manager Harry Goodman believes the different nature and requirements of these new occupiers reflects the wide appeal of BVP, which is set in 122 acres of country park close to J4 of the M42.

“These deals underline the diverse cross-section of businesses that the park attracts. They recognise the advantages of Blythe Valley Park as a business location,” he said.

“Both companies wanted to relocate to a modern and sustainable campus setting, with a wide range of amenities, a focus on employee wellbeing and excellent links for public and private transport.

“However, whilst one needed office space for a smaller team, Configit required space into which it could expand and grow as the business does.”

Harry continued: “We’ve had a great year at Blythe and have brought fantastichigh-profile occupiers to the site including Gymshark, PFK Cooper Parry, Prologis, Rybrook Holdings and Abbot Global Holdings, andthese latest deals underline that BVP is suitable for all size of requirements.”

Bryan Lord, managing director of Configit, added: “The relocation to BVP is strategic to Configit. Having outgrown our existing premises, we needed a prestige building to match our UK operation today and to scale with us in preparation for the post-Brexit economy.”

The success of BVP during 2017 has seen IM Properties lead the way on spec building on the M42, delivering FIRST – a new 15,000 sq ft self-contained office building which will be ready to occupy early 2018.

Work has also started on site for Connexion, bringing forward 209,000 sq ft of premium industrial space. A developer is also expected to be announced before the end of year on the delivery of 750 new homes.

Harry concluded: “BVP is a truly sustainable mixed used scheme creating a modern new community combining commercial and residential uses.

“We believe this provides occupiers with a unique opportunity to benefit from growth of the local economy, through an improved labour supply and the creation of new homes for companies looking to relocate both their business and their employees.”

Coleshill-based IM Properties is one of the region’s largest investors and has an investment and development portfolio of circa, £900m across the UK, Europe and the US.