Plans revealed for new industrial scheme which could create 900 jobs
St Francis Group, the property development and investment group, has announced that it has assembled a site of 29 acres in Kings Norton, Birmingham for the development of new industrial warehouse space.
The firm has bought the Pilkington Automotive and GKN Aerospace sites, and will be bringing forward a speculative development of a 400,000 sq ft funded by the Richardson family, making this the third collaboration between the two parties following the successful development and sale of Velocity42 in Redditch and Cransley Park in Kettering.
A detailed planning application will be submitted later this year with work on site scheduled to begin once the existing occupiers vacate next year. The new proposals could create around 900 new jobs.
Gareth Williams, director at St Francis Group, said: “We are delighted to have secured these strategic sites and to be able to promote a scheme in the heart of the greater Birmingham conurbation. We have seen a huge growth in the mid box industrial warehouse market, and we will be aiming to meet that demand with eight new energy efficient units ranging from 25,000 sq ft to 70,000 sq ft.
“We recognise the value in higher performing sustainable assets and so we are looking to develop units using construction standards that exceed occupier expectations throughout their life cycle.”
The new units will be ready for occupation by the end of 2022. Marketing for pre-let deals will begin immediately. Savills and JLL have been retained as sole letting agents on the scheme.
