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NORTHWOOD ACQUIRES ASTON INDUSTRIAL SCHEME

Updated: Aug 17

Northwood Urban Logistics has completed the acquisition of a multi-unit industrial scheme at Aston’s Advanced Manufacturing Hub in Birmingham from Chancerygate / Hines. Gerald Eve and Darby Keye have been appointed as joint letting agents for the scheme, which is to be renamed Urban Express Park, Birmingham.

Main contractor Bailey Construction commenced work on site last month to deliver the 18-unit, 93,000 sq ft industrial / warehouse scheme and is on schedule to complete in the first quarter of 2022.

Located on Aston Hall Road and fronting Lichfield Road, the units range in size from 3,370 – 9,585 sq ft. Urban Express Park, Birmingham incorporates a number of sustainable technologies to reduce the costs of occupation and will ensure a minimum 12% reduction in annual CO2 emissions over 2013 Building Regulations.

Speaking about the instruction, John Sambrooks, partner, Gerald Eve, commented: “Aston represents a prime destination for businesses and we are pleased to be working with Northwood Urban Logistics to attract occupiers to the scheme. The flexibility in terms of size, together with the scheme’s strong green credentials, will undoubtedly meet the market demand we are seeing.”

“The area has undergone significant investment in recent years attracting occupiers such as Hydraforce, Salst Healthcare and Guhring and the site’s position close to the city centre and J6 M6 makes it a strong location for last-mile delivery as well as being outside the city’s new Clean Air Zone.”

Mark Evans, Director at Northwood commented: We are very pleased to have added Urban Express Park to our logistics platform and are excited to see the development progress over the coming months leading to completion in Q1 2022. We are confident the high specification and green credentials of the scheme will be well received by the modern occupier where ESG is becoming ever more important when considering committing to new commercial premises.”

The units range in size from 3,370 – 9,585 sq ft and are available on a leasehold basis.

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