Pictured: Junction 6 Industrial Park
National commercial property consultancies Lambert Smith Hampton
(LSH) and Cushman & Wakefield have let a major Birmingham
warehouse in one of the biggest lettings of an existing warehouse
in the city this year.
The warehouse on the Junction Six Industrial Park near Spaghetti
Junction, owned by the M&G Property Portfolio and managed by
PRUPIM, has been let to one of the region's leading suppliers of
gas and plumbing fittings. BES Ltd is doubling the size of its
Birmingham warehouse.
The 77,317 sq ft Unit 12 warehouse on the 25-acre industrial
park replaces BES's existing facilities in Units 3 and 5. The move
will double BES's warehousing footprint on the estate. The
fast-growing company has been in business for more than 30 years
and supplies a wide range of plumbing, gas, central heating and air
conditioning components. The warehouse will contain a range of more
than 15,000 different products.
The Junction Six Industrial parked in Electric Avenue, has more
than 377,000 sq ft of internal space in 12 units. Tenants include
Iron Mountain (UK) Ltd, Manganese Bronze Property Holdings, Hills
Number-plates, Nobel Automotive (UK) Ltd and Mayall and Co
(Mayflex). PRUPIM acquired the estate in a multi-million deal a
year ago and has since been instigating a strategic estate
management programme to enhance the value of the estate. Unit 12 is
one of the largest buildings on the park.
Alex Hanna, Associate Director in LSH's Birmingham-based
Industrial and Logistics Agency team who advised BES on the
acquisition of the new building said: "This is a very significant
deal for Birmingham. It will enable BES to operate from a single,
much larger site to accommodate their growing requirements."
"This deal is one of the largest lettings of an existing
warehouse in Birmingham this year," he added.
David Binks, partner at Cushman & Wakefield who advised
Prudential Investment Managers on the letting said, "We are
delighted that BES have chosen to remanin on the Junction 6
Industrial Park. Our clients are working hard with their existing
tenants in these difficult economic times to assist them in meeting
their business needs. The BES decision is a real vote of confidence
in the estate and its location."
Simon Welch, investment manager at PRUPIM, said, "This is a
significant letting in the Birmingham market and we are pleased
that we have been able to assist BES in their growth plans. The
letting was concluded following a substantial refurbishment of Unit
12. We have an on-going refurbishment programme of other units on
the estate, which will continue to provide high quality industrial
and warehouse accommodation for the Birmingham market."
For more information about Lambert Smith Hampton, please visit
their website here: www.lsh.co.uk