August 19th, 2019
First unit handed over at brand new multi-unit scheme in Redditch
Completion of unit 1, a 45,000 sq ft warehouse facility sold to Heartbeat soon to be followed by four further units ranging in size from 55,000 sq ft to 92,500 sq ft due to complete shortly
St Francis Group, a leading UK-based property development and investment group and an expert in brownfield development and regeneration together with its development partners Richardson’s are nearing completion of Velocity 42, Redditch’s premier industrial warehouse development and are handing over Unit 1, Kingsley House to its new owners.
Heartbeat will be the first occupier at Velocity 42, a 5-unit scheme funded by the Richardson family with the remaining units offering options to occupiers from 55,000 sq ft to 92,500 sq ft.
Gareth Williams, Director at St Francis Group said; “Selling the first unit off plan justifies our faith in Redditch as an excellent industrial and logistics location for the modern day occupier. As we near completion, we have strong interest in the remaining units offering high grade space on either a leasehold or freehold basis”.
Heartbeat UK is a third generation family owned design and manufacturing company specialising in retail display innovation since 1946. Clients include John Lewis, M&S, Asda, Tesco, Premier Inn and a host of other leading global brands.
James Pritchard, Group Managing Director at Heartbeat said; “Kingsley House at Velocity 42 will complement our existing facility close by and we are delighted to take possession of much needed additional space with the business growing from strength to strength. The buildings functional high quality design will allow us to get up and running very quickly indeed”
Velocity 42 is the second partnership between St Francis Group and the Richardson family and together they are developing over 600,000 sq ft of new industrial space across the Midlands.
For further information visit: www.velocity-42.co.uk
For further information and any media enquiries, please contact:
Nick Brown – MOMENTUS Group
T: +44(0)7590 076105
About St Francis Group
St Francis Group is leading UK-based property development & investment group and an expert in brownfield development and regeneration.
Founded in 1973, it has established itself as an innovative owner, manager and developer of high quality commercial and residential property. With in-house financial resources and a dynamic management team, it adopts a highly successful approach to brownfield renewal with opportunistic acquisitions, joint ventures, asset management and where necessary, a longer term strategic approach.
St Francis Group’s development pipeline covers all market sectors but with an emphasis on commercial and residential brownfield opportunities. The Group is currently managing the delivery of remediation and infrastructure projects to create residential plots and in excess of 5m sq. ft. of commercial space to meet present day occupier requirements across its portfolio.
St Francis Group has access to a wide range of demolition, decommissioning, decontamination and remediation specialisms enabling it to manage risk extremely effectively and often to the benefit of sellers.
For further information visit: http://stfrancisgroup.com/.