Flint Bishop

Hat-trick of deals by Midlands based GVA Grimley signals upturn

Pictured above: (l-r) Doug Bonham (KWB), Tim Withers (First Grade International), James Rogers (West Midland Contracts) and Andy Venable (GVA Grimley)

 

GVA Grimley in Birmingham has advised on a hat-trick of lettings of self-contained office units in Bromsgrove on behalf of West Midlands Contracts.

Indicating a healthy upturn in the Midlands' courtyard office market, two units have been let and an additional one sold within the space of two months at Aston Court, a new development of self-contained office buildings at Bromsgrove Technology Park.

Aspiration Training, LGC Forensics and First Grade International Ltd will all be moving to the site after each agreeing a deal on 2,228 sq ft units.

Andrew Venables, Director at GVA Grimley in Birmingham, said: "Many smaller businesses have found it difficult to justify a relocation during the economic downturn, but these three deals in quick succession go some way to demonstrate a new level of optimism in the local office market.

"Offices are available on either a freehold or leasehold basis at Aston Court and this flexibility in quoting terms has been vital in securing deals.  As prices have stabilised over recent months, occupiers are now seeing that it is a very good time to make a move."

Phill Rogers, from West Midlands Contracts, said: "Many smaller occupiers still find having 'own front door' offices to be an attractive proposition and Aston Court has proved a popular location for local businesses, with over 13,500 sq ft now occupied.

"These latest deals follow on from previous agreements with Johnson Fleming and Ser-Tec Systems (Midlands) Ltd and availability is now limited to five remaining units on the site - available from 1,197 sq ft up to 8,841 sq ft in a combined unit."

 

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Article published by Midlands Business News on 8 March, 2010

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