Property company Key Land Capital has unveiled plans to create a development of small industrial units near Birmingham city centre.
A planning application has been submitted to Birmingham City Council to redevelop the site of Kestrel House, at Aston Brook Street East, in Aston.
Key Land Capital acquired Kestrel House, a 16,600 sq ft unit on a 0.42 acres site for £700,000, late last year.
The plans include seven new build, high quality B1(c), B2, and B8 small industrial units. Key Land Capital hopes to start work on site in Q4 this year.
Kestrel House is the former headquarters of Hobday Ltd, which traded as E-shopfitting, wholesalers of shop fittings and sign equipment. The three-storey property was originally built in 1900 and comprises a variety of buildings, which have been acquired and adapted over time. It includes a showroom, stores and offices and links to adjacent warehousing, workshops and outbuildings.
Key Land Capital is an independent property investment and development company based in Birmingham.
Managing director Kevin Sharkey said: “Aston is an area we have previously invested in and we see the site as offering a significant opportunity to add value. There is a growing demand for small business units and we are confident these will be popular with companies looking for high quality accommodation in a great location with excellent transport links.”
Key Land Capital is delivering residential and commercial projects worth more than £40 million across the West Midlands. Its mission is to create the homes and working spaces of the future, with modern features, amenity and space, and a great customer service. The company raises private investment to develop sites throughout the Midlands, a mixture of residential new-build and office to residential conversions.