First phase of £9m industrial development is completed

03.11.11 – Birmingham Post

Regeneration partnership PxP West Midlands has completed construction of Sapphire Court - the first phase of its £9 million speculative industrial development at Bromsgrove Technology Park in Worcestershire.

One of the first speculative developments to be completed in the West Midlands since the economic downturn, and the largest project undertaken by PxP West Midlands to date, Sapphire Court features 13 units ranging from 1,402 to 5,378 sq ft.

PxP West Midlands, which is a private-public partnership between developer Langtree and the Homes and Communities Agency, has worked very closely with Bromsgrove District Council to bring the development forward.

Mark Stapleton, managing director at PxP West Midlands, said: "Bromsgrove Technology Park is distinguished by its prime location and specialist business community set within an attractive environment.

"As such, we were confident from the outset that there were sufficient levels of interest for us all to deliver this scheme speculatively and were delighted that Bromsgrove District Council supported our ambitions for Sapphire Court.

"We are marketing these properties for lease and sale and are pleased to be already in negotiations with a number of interested parties.

"We also have outline planning consent for design and build opportunities up to 40,500 sq ft and look forward to also bringing forward these bespoke properties as we further enrich the technology park's business community."