Two speculative ‘sheds’ totalling 310,000 sq ft to be built at Hams Hall

PROPERTY investor Correa Savills and developer/investor Canmoor are to speculatively build two large warehouses at Hams Hall.

A corporate pension fund client of Cordea Savills has agreed to fund their development at the scheme near Coleshill.

The sites, known as Silver Bullet and Black Velvet, were purchased off market in December 2013 and August 2014 respectively. Silver Bullet has completion targeted for April 2015. 

The warehouse will provide 140,000 sq ft of industrial space with a 12 metre eaves height and 50 metre self contained yard. 

Planning for Black Velvet is anticipated shortly. 

This second unit will provide a 170,000 sq ft of prime warehouse space with a 12 metre eaves height and 40-60 metre self contained yard. 

The fund plans to speculatively develop out Black Velvet on letting Silver Bullet.

Lucy Winterburn, director of investment at Cordea Savills, said, “We have enjoyed a very successful relationship with Canmoor at Endeavour Park, Southampton. 

“Given the shortage of competing stock and quality of the finished assets, we fully expect a similar outcome at Silver Bullet and Black Velvet. 

“Hams Hall is recognised as a leading logistics location and takes the fund’s industrial exposure into the Premier League. We are extremely pleased with the progress made at both sites and tenant interest received to date is very encouraging.”

Savills and JLL are jointly appointed as letting agents at Hams Hall.