August 23rd, 2018

St Francis Group announces first occupier at prime 20-acre business park development in Redditch.

NEWS RELEASE

23rd August 2018

St Francis Group announces first occupier at prime 20-acre business park development in Redditch.

Ground has now also been broken on the development with the construction of five units totalling 330,000 sq ft to be developed speculatively.

St Francis Group, a leading UK-based property development and investment group and an expert in brownfield development and regeneration has today announced that it has secured the first occupier at its prime 20-acre Velocity 42 business park development in Redditch by signing an agreement with Heartbeat UK to design and build a 45,462 sq ft integrated manufacturing facility.

Heartbeat UK, a design and manufacturing company specialising in retail display innovation since 1946 are acquiring the state of the art, purpose built, warehouse facility to support their continued growth and expansion throughout the UK and Worldwide. Buckingham Group having been appointed as the main contractors on the scheme with construction of all five units totalling 330,000 sq ft due to start on site later this month and complete in May 2019.

Speaking about the news Gareth Williams, Development Director at St Francis Group said: “The deal with Heartbeat UK so quickly after deciding to build these new units supports our notion of pent up occupier demand in the area. This agreement and other discussions we are having with local occupiers suggests other similar agreements won’t be too far behind this one. With construction now underway we look forward to welcoming Heartbeat UK onto the park early next year."

"We are fielding a healthy number of enquiries from a variety of different companies and with units from 55,000 sq ft to 92,000 sq ft on offer at Velocity 42, we are well placed to offer good quality space on competitive and flexible terms”.

Also commenting Heartbeat UK Group Managing Director James Pritchard Said: “We are very pleased to have exchanged agreements with St Francis Group and now we’re looking forward to taking occupation early next year. To see machines on site is an exciting stage of the process and we look forward to working alongside other growing businesses on the development which is great news for Redditch“.

Also attending the event was Kevin Dicks, Chief Executive of Bromsgrove District and Redditch Borough Councils together with Colin Llewelyn, Managing Director of Buckingham Group Contracting. Commenting on the development Mr Dicks said “Velocity 42 is playing a key role in efforts to promote and further develop the local economy by offering good quality units built to a modern specification. It’s helping to fill a void in quality”.

Velocity 42 is a 20-acre site at Park Farm Industrial Estate, Redditch. The site is being developed speculatively by St Francis Group in a joint venture agreement with the Richardson family and will provide industrial warehouse units from 45,462 sq ft to 92,525 sq ft.

Located in a key distribution area in the heart of an excellent logistics network that allows for easy access to locations across the UK, Velocity 42 is the perfect opportunity for any organisation looking to expand or consolidate its operations.

For further information visit: www.velocity-42.co.uk


(L-R) Martyn Richardson, Richardson Capital, Gareth Williams, Development Director of St Francis Group, Mark Watkins, Richardson Capital, Colin Llewelyn, Managing Director of Buckingham Group Contracting.
(L-R) Simon Langley Heartbeat UK, Kevin Dicks, Chief Executive of Bromsgrove District and Redditch Borough Councils, Heartbeat UK Group Managing Director James Pritchard, Gareth Williams, Development Director of St Francis Group.

For further information and media enquiries, please contact:

Nick Brown – MOMENTUS Group

T: +44(0)7590 076105

E: nick@momentus-group.com

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 a particular emphasis on commercial and residential brownfield opportunities. The Group currently managing the delivery of remediation and infrastructure projects to create residential plots and in excess of 850,000 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.