Invesco Real Estate and joint venture partner Barwood Capital have commenced the speculative second phase of @Vantage Park, a 4-unit 500,000 sq ft premier industrial hub situated in the heart of Birmingham’s logistics and manufacturing sector.
The scheme is strategically positioned between Junctions 5 and 6 of the M6 motorway, adjacent to Jaguar Land Rover’s manufacturing plant and is within Birmingham’s key employment hub.
A&H Construction has been appointed to deliver the scheme, which will create three buildings ranging from 61,472 sq ft to 215,719 sq ft catering to a broad range of occupiers in the region. Practical completion is scheduled for November 2026.
Phase 1, which will deliver a substantially refurbished 117,294 sq ft unit to the market, is to reach practical completion in the coming weeks. The development is targeting BREEAM Excellent and EPC-A, which will appeal to a range of occupiers.
For Invesco Real Estate, the acquisition of the site and redevelopment have been made on behalf of one of its long-standing, separate account clients. Barwood Capital acts as the development manager on the combined scheme.
Ciaran Butler, Director at Invesco Real Estate, said: ‘This scheme offers a best-in-class urban logistics facility that breathes new life into two existing buildings via refurbishment and extension and also two new-build facilities which are complimentary when considering the market offering. As such, it is a great example of a sophisticated approach to asset development and value creation.’
Adam Smith, Senior Asset Management Director at Barwood. said: ‘As the UK’s second city, Birmingham offers a thriving employment demographic and excellent connectivity to the wider motorway network. With Phase 1 set to complete imminently, we are seeing promising levels of occupier interest. We look forward to working with Invesco and A&H to deliver the scheme and to launching it to the wider market later in the year.’
Agents appointed to the scheme are Box4, Colliers and Cushman & Wakefield.