West Midlands-based commercial property investor and developer Barberry Group has smashed through the two million sq ft figure bringing in developments worth more than £295 million.
According to Barberry Development Director Jon Robinson, the developer revealed earlier today at the international real estate exhibition MIPIM, that it intends to deliver 2.4 million sq ft of schemes.
Barberry is also delivering student accommodation and residential schemes worth more than £200 million and has 528 acres of strategic development land with a Gross Development Value (GDV) of £262m across its 11 sites.
Discussing the region and stock levels, Barberry’s development director said: “Birmingham and the West Midlands are not alone in being in dire need of more high-quality industrial accommodation, and so we are researching opportunities across the UK.
“Barberry has developments coming forward in Daventry, Durham, Wolverhampton, Bristol, Luton, Coventry and Cannock. We currently have an industrial/logistics pipeline of more than 2.4 million sq ft on sites either consented or in planning.”
Barberry’s latest of many developments is £10m speculative development of a 72,000 sq ft warehouse unit at Sopwith Way, Daventry that is awaiting approval next month.
Jon continued: “We have worked hard and invested heavily to create a Barberry brand in the industrial/logistics market providing high-quality buildings to an institutional specification, and it is hugely satisfying to know that investors recognise the quality of our developments, as the sale of Barberry 65 to M&G Real Estate, widely recognised as one of the UK’s leading institutional investors, clearly demonstrates.”
Barberry and MCS Group are both at MIPIM as part of the Coventry and Warwickshire MIPIM Partnership alongside other private sector companies and organisations who promote the area’s presence at the four-day event.