Taylor Wimpey is relocating its regional office from the centre of Solihull to IM Properties’ (IMP) Fore Business Park – underlining the attraction of the M42 Corridor.
The housebuilder has signed a 10-year lease on 10,484 sq ft of Grade A space, taking the final floorplate at the Fore 2 building; located at Junction 4, M42 and just 10 minutes from Birmingham Airport.
The business park is at the heart of UK Central; four interconnected economic zones being promoted by Solihull Borough Council and the Greater Birmingham & Solihull LEP as a major international gateway and strategic location for domestic and overseas investment.
IMP’s asset manager, Rob Hemus said:
“It’s a great name to have on the park and a great deal to conclude. We’ve been talking with Taylor Wimpey for a number of months and knew they wanted quality office space in a business park environment. They were impressed by the sustainability of the building and excellent connectivity. We hope to build as successful a landlord and tenant relationship going forward as we have done during the negotiations.”
Coleshill-based IMP bought the 17-acre business park from developers BAM in July 2014.
The strategic focus will now turn to promoting ‘Design and Build’ space on ten acres of development land at the site, with the potential to bring forward 235,000 sq ft of Grade A office space.
Nick Williams from Savills who acts as joint agents with CBRE on the scheme added: “The letting is further evidence of not only the strength of offer at Fore but also the positive momentum surrounding offices located in the proximity of junction 4 M42. IM Properties ownership of adjoining land is well placed to take advantage of limited stock and continued demand and we look forward to building on this significant letting.”