New buildings show firm's confidence in M42 corridor.
Developer BAM Properties is on schedule to deliver the first two buildings of its pounds 65 million scheme at junction 4 of the M42 motorway by the middle of the summer.
The FORE development will eventually comprise four buildings with the first phases - FORE 1 and FORE 2, providing 25,652 sq ft and 40,343 sq ft of space respectively - set to be complete by July.
Alastair McChesney, development director at BAM Properties' Midlands office, said the move shows faith in the commercial property sector, despite tough conditions..
He said: "At a time when the commercial property industry is battening down the hatches and backing away from speculative development, we were keen to show our faith in the robustness of the M42 corridor and deliver two of the best buildings ever developed in the area.
"FORE 1 is able to accommodate 300 people and FORE 2 can cater for 475 people. We are receiving enquiries from prospective tenants who are looking to occupy a single floor, while other enquiries are for an entire building.
"The M42 corridor has always had a competitive office market and there is no doubt that other opportunities exist to accommodate a wide range of tenant requirements.
"However, it is clear from the feedback we are receiving, that it was the right strategy to deliver high specification buildings with low running costs in this prime commercial location." BAM Properties reports that the accessibility to Junction 4 of the M42 and the quality of the amenities in the vicinity place FORE as one of the West Midlands' most desirable business park location.
The scheme - which has awarded a Grade B Energy Performance Certificate - is adjacent to a 17 acre country park, where BAM is investing pounds 275,000 to improve the open space and natural habitats for the benefit of the future office workers, local residents and visitors alike.
BAM Construction is only 10 weeks away from completing the 70 week construction programme for FORE 1 and 2.
Once both buildings are ready for occupation, they will represent a gross development value of circa pounds 25 million - close to half the pounds 65 million development value of the total scheme of four buildings.
About 95 people have been working on the site each day including a host of local firms including EW Construction Ltd, EIC, Parkstone Construction, Solaglas Ltd, UK Access Solutions Ltd, Interlock Ductwork Ltd, Maxwood Ltd, Taylor Hart Ltd, W& G Metalwork, Sealability, T& S Pipework, Whiting Landscapes, Grail & Preece Ltd and J& P Carpentry.
Mr McChesney added: "There is a wealth of highly skilled construction specialists in the West Midlands and it is very satisfying that we have been able to contribute millions of pounds to the regional economy through the construction of FORE.
"We have used local suppliers to provide the groundwork, brickwork and mechanical and electrical elements, through to the designer toilet cubicles, air-conditioning systems, and high-tech glass curtain wall panels that have been specially designed and manufactured for the exterior of the buildings," he added.
"Now, we are all eagerly working towards finishing FORE, because then over 775 office workers will be based on this prime business park location, creating significant inward investment for the area."
The FORE scheme at junction 4 of the M42.