Popular Birmingham industrial estate, Gravelly Industrial Park, is being refurbished by owners, Standard Life Investments, following growing occupier demand for good quality space.
Following another record year, five units totalling 75,000 sq ft at Gravelly Industrial Park, located on Tyburn Road in the city, are currently undergoing refurbishment to meet growing demand for high quality warehouse space in the city.
DTZ and GBR Phoenix Beard are joint letting agents on the estate on behalf of Standard Life Investments.
Located half a mile from junction 6 of the M6 motorway and close to the Aston Expressway, Gravelly Industrial Park is strategically located and set within 80 acres of landscaped space. In total, the Park comprises 78 units totalling 1,100,00 sq ft, ranging in size from 2,000 sq ft up to 205,000 sq ft.
John Sambrooks, Associate Director in DTZ’s Industrial agency team commented: “The improvement in economic conditions has had a knock on effect; occupiers were very active in 2013 and we expect increased take-up in 2014. The widely reported lack of grade A accommodation and new development means those investors like Standard Life Investments which are willing to upgrade units to meet demand will be well placed to secure footloose occupiers.”
He continued: “The need for high quality readily available space is particularly apparent in the Birmingham market with the ‘Jaguar Land Rover effect’ seeing high levels of take-up. We expect these units to suit local occupiers looking to locate close to JLR’s Castle Bromwich site with good access to the M6 motorway.”
Christian Smith, Director at GBR Phoenix Beard, added: “Standard Life Investments’ decision to refurbish a number of units at Gravelly is paying off as we are seeing strong demand from occupiers seeking upgraded industrial/warehouse space which is ready for immediate occupation. The estate’s strategic location and value added features such as 24 -hour manned security and CCTV, will appeal to local and regional businesses.”