Leading real estate company Cushman & Wakefield is playing a key role at all three of the West Midlands’ advanced manufacturing hubs.
The three – Coventry’s Ansty Park, the Advanced Manufacturing Hub in Birmingham, and the newly launched Mucklow Park i54 at Wolverhampton – are helping to attract a new breed of hi-tech manufacturers to the country’s traditional industrial heartland.
Ansty Park, on the outskirts of Coventry, is home to the Manufacturing Technology Centre, and has recently announced a new tenant, FANUC UK, which is part of one of the world’s largest manufacturers of industrial robots.
The company is to move into a new 120,000 sq ft building at Ansty Park, in a deal completed by Cushman & Wakefield. The state-of-the-art building will be developed by Highbridge Properties
Cushman & Wakefield is also playing a key role in the development of a new 94,500 sq ft building at the Advanced Manufacturing Hub (AMH), by development partners Trebor and Aviva Investors. Cushman & Wakefield represented the partners during negotiations to acquire a 4.79 acre site at the AMH, which will be built speculatively during this year, in a bid to help attract more industries of the future to Birmingham.
The AMH is one of six economic zones in the city that are the focus of inward investment efforts by various agencies, including Birmingham City Council and the HCA. The AMH is already home to two occupiers, US hydraulics manufacturer Hydraforce and German owned precision engineering firm Guhring.
The third advanced manufacturing hub is the newly launched Mucklow Park i54, which stands at the gateway to the existing i54 South Staffordshire, a 239-acre scheme sited between north Wolverhampton and the M54 motorway.
The main development is a £50m joint venture between three neighbouring councils, and was launched ten years ago. It is home to a number of companies, including Jaguar Land Rover, who have built an advanced engine manufacturing facility there. Other occupiers include Eurofins, MOOG and International Security Printers.
Cushman & Wakefield is the joint letting agent with Bulleys for Mucklow Park i54, which was only recently launched. However, the 15-acre site has already attracted major interest, and the first buildings are now under offer.
David Binks, Birmingham-based partner in Cushman & Wakefield’s national logistics and industrial team, said: “Just 20 years ago, sites such as these were not popular due to the restricted nature of the uses – but some of the planning regime that originally created them has survived, and the sites have been preserved as they were intended, for the development of advanced manufacturing.
“When you look at the three of them, you can see that it was the right thing to do to persevere with an idea that was ahead of its time. We are pleased to have a major involvement with all three of these sites, all of which are now being developed at a rapidly increasing rate.”