IM Properties to invest £5m in building refurbishment

01 Blythe Gate at Blythe Valley Park

IM Properties is investing £5m in the refurbishment of a 54,000 sq ft office building at Blythe Valley Park to bring to market to the largest standalone Grade A office building currently available on the M42.

The investment follows the recent letting success of both Trigen and One Central Boulevard, attracting companies including Gymshark, PKF Cooper Parry, Wavenet and GKN Aerospace to Blythe Valley Park.

This property, 01 Blythe Gate, was bought from its long-term occupier last year and is seen as a potential headquarters building. The refurbishment is due for completion this summer.

Rob Hemus, asset director at IM Properties, said: “BVP has gone from strength to strength since we took ownership in 2014 and become a big success story for the region and IMP, with nearly 3,500 people now working there.

“With limited supply on the M42 corridor, 01 Blythe Gate will have great appeal for occupiers with nothing of this scale or standard currently available.”

CBRE and Savills act as joint letting agents on Blythe Valley Park.

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