Suitable for B1, B2 and B8 use, the scheme comprises four self-contained industrial/warehouse units, which have been built on the former Delta Metals site.
Recently completed is SEGRO’s Meteor Park, which is next to Junction 6 of the M6 and three miles from Birmingham city centre. Letting agents are King Sturge and DTZ Debenham Tie Leung. Point 1 totals 105,475 sq ft and boasts a 12m eaves height, a 50kN/sq m floor loading, eight dock levellers and two level access doors as well as a secure yard. The developers have just secured a local occupier for the first phase of the scheme, which was built speculatively. Gareth Williams of Opus Land says: “We will start the next phase of ground works shortly and at present we are considering whether to speculatively develop the scheme.” Sites where motorways merge are very popular, such as the M5 and M6 where Opus Land and Goodman are developing Opus 9, a 33-acre production and distribution development capable of accommodating a single building of 432,000 sq ft.” “The key requirement from a larger occupier’s point of view is multiplicity of routes, not just proximity to a motorway junction, to ensure maximum transport flexibility. The less attractive areas remain those with poor infrastructure and poor quality or older buildings. “In terms of hot spots and cold spots in the West Midlands, there are no real issues over geography, but the hot spots remain the better located sites, with good quality buildings. “With increased congestion and the prospect of congestion charging we are likely to see a growing number of smaller distribution centres, or spokes, coming forward around the periphery of the major conurbations including Birmingham to satisfy domestic demand. “Increasing congestion around the Birmingham conurbation, which is the major consumer market to be served, means that the area is often best avoided in terms of large distribution centres, as guaranteed delivery times to the customer are of paramount importance. “The north Midlands area has been very popular over the last two to three years because of the availability of large tracts of land and, as such, Stafford and the A38 corridor have been very successful in this sector. Looking at the overall picture for occupiers in the West Midlands, John Sambrooks of DTZ Debenham Tie Leung says: “The major impacts on the Midlands logistics industry from a property perspective relate to the availability of land for large distribution centres, congestion and access to markets. If there were no enquiries on our books then maybe there would be developers and landlords offering massive discounts and rent-frees but at present the market is still healthy.” “At present landlords are not offering rent reductions because the occupiers are still there and there is still competition for buildings. A lot of occupiers have probably been unduly influenced by the doom and gloom in other sectors and are expecting to get 25 per cent less than at the beginning of the year and that is just not the case. With that in mind, Fitzpatrick warns that contrary to rumour: “It is not an occupiers’ market at the moment. However, what is quite frustrating, is that they are taking a lot of time to decide to do a deal.” And for every scheme there is no lack of potential occupiers. 2002, No 144, item 1204, as amended) for the purposes described in the Privacy Policy.Mark Fitzpatrick of GVA Grimley says: “Generally there are still good levels of enquiry. No 101, item 926, as amended) and the Act of 18 July 2002 r. The Data Administrator processes the personal data provided in the form in the Data Administrator' database pursuant to the Act of 29 August 1997 on personal data protection (consolidated text: Dz.
Chabrowa 4, 52-200 Wrocław 65, registered in the Register of Entrepreneurs of the National Court Register kept by the District Court for Wrocław-Fabryczna in Wrocław, 6th Commercial Division of the National Court Register under the KRS number 0000162430, NIP number 8942764658, REGON number 932920615 is the Administrator of the Personal Data (hereinafter: Data Administrator). with its registered office in Wysoka at ul.
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