Land promoter launches commercial division
Land promoter Richborough Estates has launched a new commercial division to answer increasing demand for consented land for business use.
Nick Jones has been appointed group director of the division, moving from his role as Midlands’ regional director.
The changes come weeks after the Birmingham-based company signed a landowner promotion agreement to bring forward a major 65-acre site on Lichfield Road adjoining Junction 9 on the M42.
Located just 800 metres from Hams Hall Distribution Park, the land has the potential to deliver over 750,000 sq ft of Industrial & logistics space.
Paul Campbell, chief executive of Richborough Estates, said: “This exciting opportunity to bring forward a major industrial and logistics development is the latest in a string of commercial schemes in our portfolio, so the launch of our new commercial division is a natural evolution for us.
“Since forming in 2003, Richborough’s main focus has been on promoting land for new residential sites. But we’re also promoting over 500 acres of consented land for industrial and logistics, employment, mixed-use, retail and leisure uses.
“We’re delighted to be strengthening our offering for landowners while answering increasing demand from commercial developers looking for high quality, build ready land with planning permission.
“Nick Jones is the perfect fit to take the helm due to his extensive experience of planning and development as well as his contacts in the commercial property world.”
Jones added: “Richborough is one of the first land promoters to diversify with a dedicated commercial land division and I’m thrilled to be heading it up.
“In particular we have seen a real surge in demand for industrial and logistics space due to the rise of online retail and introduction of new energy efficiency standards for buildings.
“As with our residential schemes, our in-house team will design high quality, oven ready schemes that can be quickly delivered while delivering the best outcomes for our landowners and stakeholders.”