LONGBRIDGE TECHNOLOGY PARK REACHES 80 PER CENT OCCUPATION
St. Modwen has reported continued growth of the business community at its Longbridge Technology Park with over 80 per cent occupation of the first two completed properties.
Situated off the A38 (Bristol Road South) St. Modwen’s commercial properties; the Innovation Centre and Two Devon Way form the first phase of the £100 million Longbridge Technology Park. Now over 90 per cent let, the Innovation Centre is home to 36 businesses employing approximately 240 people, while neighbouring Two Devon Way which was reconfigured to provide a range of office suites at the beginning of the year is already 81 per cent let.
Just over 5,000 sq ft of space remains available at 31,208 sq ft Two Devon Way following a recent letting to UK electronics design consultancy, Bytesnap. The company is one of a number of businesses who have relocated from the start-up suites at the Innovation Centre to occupy more office space at Two Devon Way. Bytesnap has signed a three year lease for Suite 4 on the second floor of the property totalling 1,123 sq ft.
A popular location for technology and innovation based businesses, Bytesnap joins existing occupiers Co-operative Web, Vecoplan and Kinnarps at Two Devon Way. All of the tenants have use of the range of state-of-the-art conference and meeting room facilities at the neighbouring Innovation Centre, which can accommodate up to 100 people. The building also provides 107 allocated undercroft car parking spaces and benefits from Longbridge Technology Park’s 24-hour security.
Jonathan Green, development surveyor for St. Modwen commented: “We are delighted to have welcomed Bytesnap to Two Devon Way this month. The property provides occupiers with a range of office opportunities plus access to communal business support facilities at the Innovation Centre enabling growing companies such as this to seamlessly expand into Two Devon Way. It is clear to us that demand for office space at Longbridge is swiftly increasing and we aim to continue to meet this demand with future commercial developments at the Technology Park.”
Longbridge Technology Park has been designed specifically to attract a nucleus of high technology businesses to Longbridge. The area is served by excellent public transport links, with Longbridge Train Station within short walking distance. Birmingham city centre is eight miles away and the M5 (junction 4) and M42 (junction 2) motorways are three miles away.
The Technology Park is part of the wider £1 billion regeneration of Longbridge. More than 400 acres is set to be transformed by St Modwen and Advantage West Midlands on the site of the former MG Rover works, delivering a sustainable community with the creation of 10,000 new jobs and up to 2,000 new homes. A new town centre will feature the new £66 Bournville College, which will open in September, a Sainsbury’s foodstore and a new two acre park.
