Barberry is planning to invest heavily in 2018 in delivering much-needed high quality industrial and warehouse developments in areas where there is urgent demand in the mid-box range, the company announced today.
Barberry has already this year announced developments totaling more than 780,000 sq ft in Birmingham, Wolverhampton and Bristol, providing units from 30,000 sq ft to 105,000 sq ft. The company says there will be further announcements in the New Year.
In Birmingham, construction is underway on a 46,000 sq ft urban logistics warehouse at a prominent brownfield site on the A34 Walsall Road. The self-contained facility is due to reach practical completion at the end of Q1 2018, providing fully-fitted first floor offices and a secure loading yard.
Also in the Birmingham area, Barberry has purchased a 2.9-acre site at the Advanced Manufacturing Hub, in Aston. Construction of a 65,000 sq ft industrial facility will commence in Q4 this year, reaching practical completion in Q3 2018.
The West Midlands-based property developer and investor has also announced that construction of a 60,000 sq ft speculatively built warehouse unit, in Wolverhampton’s Well Lane, will commence next year too. Barberry will deliver the scheme on a three-acre site it acquired from Assa Abbloy.
Barberry is also planning to build a 61,000 sq ft warehouse unit in Cannock, Staffordshire.
However, it is in Bristol that Barberry is delivering its biggest scheme of the year. Richardson Barberry, a joint venture between itself and Richardsons Capital, is delivering a multi million pound 550,000 sq ft mid-box business park, on a 40-acre site. The business park will provide the final industrial phase of the already highly successful 350-acre distribution development, Central Park.
The business park will comprise of a selection of more than 10 buildings ranging in size from 30,000 to 105,000 sq ft. Its construction is set to commence in Q1 2018. Central Park already boasts several global occupiers including The Range, Amazon, Lidl and Farmfoods.
Jonathan Robinson, director at Barberry, said: “This has been a very busy year for Barberry. The lack of high quality mid-box industrial space in these regions has been very well documented, making it crucial for continued investment to address the shortage of new accommodation.
“We are committed to delivering these five developments in the mid-box range where there is huge pent-up demand, and we have further projects which will be announced in due course. Next year is promising to be a momentous year for the company.
“This continued investment demonstrates Barberry commitment to the industrial and warehouse sector, with the past 12 months providing a very good platform for us to build on in 2018 and we already have further schemes coming forward that we intend to announce to the market in 2018.”