Hortons’ Estate has completed the sale of a new 49,000 sq ft industrial unit at Hollymoor Point in Rubery to China’s biggest lighting manufacturer, NVC Lighting Technology Corporation.
NVC has acquired the freehold from Hortons after committing to a £5million design and build last year.
Property consultants CBRE, Harris Lamb and Jones Lang LaSalle advised Hortons’ Estate on the deal.
NVC Lighting Technology Corporation is headquartered at Huizhou, in China’s Guangdong province. Its UK arm, NVC (Manufacturing) Ltd, was established in 2009 and currently operates from a 42,000 sq ft premises at Hollymoor Point. This houses its offices, showroom, small design facility and warehouse.
The new facility, which will more than double the size of NVC’s UK operation, has been built on land acquired by NVC next door to its existing site. It will allow the company to expand its design, R&D, technical and manufacturing capabilities.
NVC (Manufacturing) Ltd, which supplies NVC and other branded commercial, industrial, amenity and exterior lighting products to wholesalers in the UK and Ireland, has been a runaway success, growing from seven to 80 staff, and with turnover set to hit £20m in less than three years. The new facility is expected to create a further 170 jobs.
Richard Norgrove, property director at Hortons’ Estate, said: “At Hortons we like to work with occupiers with their property requirements, and are pleased that we have been able to assist NVC with their expansion in the UK. The site met their requirements and we were able to move quickly to design and construct a unit for them.“
Jon Ryan-Gill, a senior surveyor in the industrial agency team at CBRE in Birmingham, said: “The NVC unit was one of seven design and build units in the West Midlands in 2011, the others being Ocado at Birch Coppice, Moog and Eurofins at i54, Selco at Opus Aspect and Europa Logistics at Prologis, Minworth.
“What’s more, the building was delivered in just six months. Hollymoor Point is one of only a handful of ‘oven ready’ sites in the West Midlands capable of delivering a building in such a short timeframe, and with just one 7.7 acre plot left at the development there could soon be one less option on the market.”