Naismiths appointed to £5.5m Birmingham factory development

Marcus Higgins, director, Naismiths

Commercial property and construction consultancy Naismiths has been appointed to a £5.5m project involving the redevelopment of the site of a former Birmingham factory.

The firm has been instructed by Finance Birmingham to provide funder due diligence services on the scheme by Barberry Developments for the old Tucker Fasteners factory on the A34 Walsall Road at Perry Barr.

The West Midlands Combined Authority (WMCA) is backing the project by supplying a £2.9m loan through its Combined Investment Fund (CIF), which is managed by Finance Birmingham.

The project will see the development of a new 46,000 sq ft industrial unit. Construction of the unit is expected to complete later this year and the facility could create 75 jobs.

Marcus Higgins, director at Naismiths in Birmingham, said: “We are extremely proud to have been appointed by Finance Birmingham to play a key role in delivering this development, which is sure to provide a great boost for this area of Birmingham.”

Jon Robinson, development director of Barberry, said: “This will be a huge boost to the mid-sized industrial and warehouse sector, and to the Birmingham area too. When complete, it will provide occupiers and businesses with top quality accommodation which is needed to enable expansions, or encouraging businesses from further afield to relocate to the West Midlands.”

Nick Oakley, senior investment director at Finance Birmingham, said the new facility would further enhance the city’s commercial property offering and provide the opportunity for new inward investment.

Established in 1963, Naismiths also has offices in London, Bristol, Manchester, Leeds and Leicester.

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