A £20 million development of industrial and warehouse units at a 13-acre canal-side site in Birmingham has secured its first occupier.
SIG Roofing has agreed a 15-year lease on a 15,000 sq ft unit, trade counter and large yard for specialist roofing materials at Wharfdale Park in Tyseley, next to the Grand Union Canal.
The company intends to relocate from its existing premises nearby.
Wharfdale Park will provide high-specification, build-to-suit warehouse and manufacturing units ranging in size from 20,000 sq ft up to a maximum of 150,000 sq ft.
Demolition of the existing buildings on the site has commenced and construction is scheduled to begin in autumn.
SIG Roofing development manager Mark Stacey said: “Moving to Wharfdale Park will mark the start of an exciting new era for SIG Roofing and will enable us to provide an even greater level of service for our customers. The chance to relocate to accommodation so close to our existing base, and which has been built to suit our specific needs, was too good to miss.”
Wharfdale Park is being delivered by H2O Urban, a national joint venture company owned by the Canal & River Trust and private developer Bloc.
H2O Urban is working on a series of regeneration and redevelopment projects in conjunction with the Canal & River Trust adjacent to its waterways. Richard Thomas, managing the site for H2O Urban, said: “Agreeing the deal with SIG Roofing before a brick has been laid is a key milestone in the development of Wharfdale Park and proves what an attractive proposition the site is for ambitious companies.
“We are talking to other potential occupiers who are attracted by the location, the quality of the development, and the build-to-suit opportunities Wharfdale Park presents.
“We hope to be able to announce further occupiers in the near future.”
The Canal & River Trust development manager Cheryl Blount-Powell said: “Securing SIG Roofing as our first occupier so soon after we have commenced demolition is great news and I’m sure the company will flourish in its new high quality accommodation.
“Wharfdale Park gives us an opportunity to create a high quality business environment, with canal side frontage in part, which will offer firms the chance to rent industrial space constructed to their specifications in an excellent location.
“Like many cities, there is a severe shortage of grade A industrial accommodation in Birmingham and we are therefore confident that Wharfdale Park will prove to be an extremely attractive option.”
Harris Lamb and Colliers International have been appointed joint agencies.
