Leading commercial property developer, Stoford has commenced work on the new UK headquarters of a Swedish engineering company, which will create a new high-tech innovation hub for metal cutting in the West Midlands.
Metal cutting leader, Sandvik Coromant has signed an agreement for lease with Stoford to deliver the building on a self-contained plot on the A456 Manor Way in Halesowen.
The fit-for-purpose headquarters will deliver a net internal area of 18,015 sq ft and will replace an existing warehouse building with office accommodation that is being demolished.
In addition to providing a high-tech working space, the facility will act as a hub for manufacturing innovation and customer interactions, forming part of the established Sandvik Coromant Center global network.
It will be built to an EPC A-rating and a BREEAM rating of ‘Very Good’, and will include several sustainable features including photovoltaic roof panels, rainwater harvesting and 26 EV car charging points, with the capacity to offer EV charging for all 130 parking spaces in the future. Significant upgrades will also be made to entrance and access points to the new building.
The development will be Sandvik Coromant’s current address in Halesowen, where it has been based since 1958.
Angus Huntley, Director at Stoford, said: “We are very pleased to be working in partnership with Sandvik Coromant and Frontier Development Capital to deliver this new headquarters building in Halesowen. We are developing a modern, energy efficient facility with strong ESG credentials that will retain many high quality jobs in the West Midlands.”
David Harbon, UK Sales Director at Sandvik Coromant, said: “The facility revamp has been a long time coming. While we found our current space was no longer suitable for our needs, this new facility will be fully future-proofed. Not only will the cutting-edge, eco-friendly site offer an elevated experience for our UK staff, but we’re transforming the site into more than just an office space. Customers will be able to immerse themselves in the Sandvik Coromant experience, and will receive a world-leading level of support. Our ambition is to create a true innovation hub for metal cutting in the UK.”
Nick Oakley, Head of Property Finance at Frontier Development Capital, said: “We are delighted to have arranged the development funding to enable the construction of the new Sandvik Coromant offices in Halesowen. It is great news for the region to retain Sandvik at its historic Halesowen home. I look forward to seeing the famous Sandvik Christmas tree for many years to come.”
Paul Mace, Estates Director AW James, said: “AW James is delighted to have been given the opportunity to be involved in this project and be part of Sandvik Coromant’s outstanding commitment to the UK.”
JLL acted on behalf of Sandvik and Stoford was represented by FSP. Frontier Development Capital arranged the development funding.
Stoford has appointed Benniman as building contractor to deliver the new development.