Business park development comes alive with Heartbeat

The first deal at a business park development in Redditch was agreed ahead of the ground-breaking at the speculative development.

Retail display manufacturer Heartbeat UK is to move two miles to Velocity 42, where it has acquired a 45,500 sq ft facility.

St Francis Group and the Richardson family have created a joint venture to develop the 20-acre business park. Buckingham Group is the main contractor on the scheme that will see five units totalling 330,000 sq ft built by next May.

Gareth Williams, development director at St Francis Group said: “The deal with Heartbeat UK so quickly after deciding to build these new units supports our notion of pent up occupier demand in the area.

“This agreement and other discussions we are having with local occupiers suggests other similar agreements won’t be too far behind this one.”