One of the world's largest property groups is set to move into a new £5 million purpose-built office development in Solihull later this year.

Goodman is currently based in a 6,000 sq ft unit at Blythe Valley Park and will move into an 18,000 sq ft building in the summer.

The company invests in and develops business and office parks, industrial estates and warehouse and distribution centres across the country.

The new building will be the headquarters of the firm's UK logistics development team.

The move will also create additional jobs and the company expects to expand the current team of 30 staff to 50.

David Keir, managing director of UK logistics at Goodman - which bought out long standing Blythe Valley Park tenant Rosemound - said the location of the park was a crucial factor behind the decision to base the company's national operations there.

He said: "Goodman has development sites across the UK and this is a great spot geographically as we can access most of these sites in two hours.

"The motorway network is virtually on the doorstep and being close to Birmingham airport is important as Goodman is a global organisation."

Blythe Valley Park was purchased last September in a joint venture between Doughty Hanson and Liberty Property Trust.

Solihull Metropolitan Borough Council last year approved a second phase at Blythe Valley Park which will see the creation of 800,000 sq ft of additional high quality office space taking the park's future development capacity to two million sq ft.

Over 600,000 sq ft has been completed and let on Blythe Valley Park to date.

Andrew Blevins, managing director of Liberty Property Trust UK, the park's asset managers, said: "Goodman has had a long association with the business park and we are very pleased to see the company commit its future to the site.

"We continue to see new companies moving in and existing companies expanding within the site. It is a validation of the park's quality and great news for the local economy - particularly as new jobs will be created."