Midland-based developer St Modwen has added a welcome note of success to an otherwise gloomy week in the construction sector.
The Quinton company has completed four deals - comprising a total of 44,000 sq ft - in quick succession.
The latest is the 10,000 sq ft letting to Linpac Allibert, the world’s foremost provider of customized packaging and materials handling solutions, which has taken a two storey self contained office on a 10 year lease.
The company will be moving its sales and marketing, finance and IT departments to the Quinton Business Park, along with its supply chain services company Logtek.
John Blaiston, UK finance controller for Linpac, said the company, which has factories in Walsall and in Winsford, Cheshire, acquired a distribution centre in Bromsgrove when it merged with Allibert last year.
“As part of our re-organisation in the UK, our site in Winsford is being turned into a world class manufacturing site with a distribution centre on an adjoining plot while the Bromsgrove and Walsall facilities are being closed.
“The Bromsgrove and Walsall businesses support functions, such as customer services and finance are being centralised at Quinton,” he said.
Mr Blaiston said the company had chosen the Quinton Business Park because its location on junction three of the M5 motorway is halfway between Bromsgrove and Walsall, which gave employees from either site a reasonable commute and is well situated for easily accessing other areas of the country.
“Centralising our support functions from Walsall and Bromsgrove in this one location in Quinton will also enable simpler communications and ensure a more rapid speed of response for our customers,” he added.
Peter Rudd, of St Modwen, said: “Securing four deals in the last few months proves that even in a challenging financial climate, lettings can be secured if you have the right product in the right location.
“Of the 150,000 sq ft of office space built to date at Quinton Business Park, just under 20,000 sq ft now remains; a 10,000 sq ft self contained office building and smaller suites totalling circa 9,500 sq ft.”
DTZ acted for St Modwen Properties, whilst Linpac was unrepresented. In addition to Linpac, the other recent lettings included: Business Link West Midlands, which took 27,500 sq ft on a six year lease, VTG Rail, which has taken a 10 year lease on a 2,605 sq ft office suite, and Traffic Link, which has taken 3,600 sq ft on a 10 year lease.
Gerald Eve acted for Business Link West Midlands, while VTG Rail and Traffic Link were unrepresented.