450,000 sq ft of Grade A logistics space to be brought forward
European real estate investor Blackbrook has started the development of two new units totalling 450,000 sq ft of grade A logistics space south of Birmingham.
The developments are targeting Net Zero Carbon operations with Energy Performance Certificate rating of ‘A’ including photovoltaics alongside achieving BREEAM Excellent rating.
Blackbrook says the facilities are set to be completed in Q4 2023. They will be next to a “popular industrial estate at a key junction” and will have easy access to the M40, M6 and M1. Around 47m people are said to be reachable within a three-hour drive of the site.
Jon Strang, managing director of Blackbrook, said: “With the onset of automated warehouses and electric vehicles, power requirements of the average warehouse occupier have doubled in the last five years. However, sites in the UK with high power capacity are few and far between.
“We’re delighted to be bringing to the market two new Class-A facilities that will cater for this growing demand, all while ensuring they are being built to the highest level of sustainability standards.”
Arvi Luoma, co-founder and CEO of Blackbrook, said: “Commencing this development perfectly aligns with our long term strategy; a unique opportunity to develop on a substantial land parcel in a prime location, with access to a strong labour force and key arterial motorways connecting the largest population centres in the UK.
“Combined with their rare power supply specifications and future-proof ESG credentials, these two assets directly address what continue to be in highest demand from occupiers. Furthermore, they benefit from being delivered in short order in the face of prevailing cost uncertainty.”