Four occupiers at the Innovation Centre at Longbridge are all increasing their office space within a year of taking residence.
Ashley Contracts Ltd, Asbestos Claims Ltd, Bournville College and Weatherseal Holdings have all enlarged their space this month – a boost for the development which marks the first phase of St Modwen’s multi-million pound plans for the former Rover works.
The expansions takes the 45,000 sq ft Innovation Centre located to over 80 per cent let – a significant achievement in the current economic climate according to Innovation Centre manager, Andrea Fullard.
She said: “The Innovation Centre is a landmark £6 million building and one which we were confident from the outset would not fail to draw forward thinking companies. To have attracted such a diverse range of businesses and have four of them already expanding their space is a huge achievement and signifies that the technology park is on a clear path to redefining Longbridge as a key regional centre for business and technology.”
John Gardner, from Ashley Contracts which is expanding by a third, said: “We started a new venture in January and selected the Innovation Centre as we wanted to maintain our commitment to inward investment in Birmingham. Since then, sales have rocketed from zero to £2 million.
“Our staff are thrilled with their modern working environment and we have a further range of products launching in the autumn and it is great to have the confidence that our landlord will be on hand to support us should we need to expand even further.”
A £6 million development provides a flexible option for small to medium sized businesses looking for a new base at one of the region’s best known developments with office suits ranging from 200 to 2,000 sq ft.
The Innovative Centre forms part of the £15 million Longbridge Technology Park which, together with the neighbouring 31,208 sq ft Two Devon Way building, has been designed specifically to attract a nucleus of high technology businesses to the Longbridge area.
Developed by St Modwen, the park is part of the wider £750 million Longbridge scheme, the largest regeneration project in the West Midlands. More than 400 acres is set to be transformed by St Modwen and Advantage West Midlands to provide a sustainable community with the creation of thousands of new jobs, new homes and a new town centre with an excellent public transport network.
However, the developer admitted at a recent public inquiry regarding the Area Action Plan for Longbridge, that the downturn in the housing market could see delays to elements of the scheme.