Prologis, the UK’s leading developer and owner of logistics property, has agreed to lease a new 15,000 sq ft office building at Blythe Valley Park in Solihull from IM Properties, one of the UK’s largest privately owned property companies.
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The two-storey building, which has been designed to achieve BREEAM ‘Excellent’ accreditation, will be Prologis’ new UK headquarters. Blythe Valley Park is next to Junction 4 of the M42, close to the company’s existing offices on the A34.
“This new building has been designed specifically to meet the needs of our business as we plan for the future,” said Andrew Griffiths, Managing Director of Prologis UK. “Solihull is an excellent location for Prologis, so we are very pleased to have the opportunity to stay here and join the growing business community at Blythe Valley Park.”
IM Properties has submitted a planning application for the new building to Solihull Metropolitan Borough Council. It anticipates that construction will start in early 2017 and that the building will be ready for occupation in 2018.
“We are delighted that Prologis has chosen Blythe Valley Park for its new UK headquarters,” said Lewis Payne, Development Director at IM Properties. “The sustainable credentials of the building will marry well with the sustainability of the Park as a whole, which boasts an exemplar sustainable drainage system and a 122-acre country park, which wraps the development. Well-being is a big part of the BVP offer.”
IM Properties has a further 44 acres of development land available at Blythe Valley Park, in addition to 65,000-sq ft of existing Grade A space available to let in One Central Boulevard.
IMP was represented by CBRE and Savills; JLL acted for Prologis.
IM Properties, based in Coleshill, is one of the largest privately owned property groups in the UK, with an investment and development portfolio of circa £900 million across the UK, Europe and US.