Partners come together at UKREiiF 2024
Warwickshire County Council, Invest Warwickshire and Warwickshire Property Development Group (WPDG) are coming together with a number of public and private partners to promote investment and development in the county of Warwickshire at the UK leading property and investment event, UK Real Estate and Infrastructure Investment Forum, also known as UKREiiF 2024.
The event is now in its 3rd year, and is expected to attract over 10,000 delegates to the annual event in Leeds, from 21st – 23rd May, at Leeds Royal Armories.
Invest Coventry & Warwickshire will be hosting a stand within the West Midlands Pavilion, where the Invest team together with WPDG we will be promoting a strong pipeline of live and future commercial property development, available to meet delegates interested in expanding into the Coventry & Warwickshire area. An updated version of the Invest Coventry & Warwickshire Investment Prospectus will launch at the event.
The West Midlands Pavilion will be showcasing a portfolio of transformative development opportunities and regenerative schemes worth more than £20 billion across the West Midlands area, including MIRA Technology Park South Site; Transforming Nuneaton; Coventry & Warwick Giga Park Investment Zone, incorporating Greenpower Park; Rugby Town Centre; Creative Quarter Royal Leamington Spa; and University of Warwick Innovation Campus, Stratford-upon-Avon.
On Wednesday 22nd May, from 9am-10.30am, Warwickshire County Council will be hosting a panel session in the Midlands Engine Partnership Pavilion, titled ‘Warwickshire Creating Places’, looking at the transformative role that key sectors and partnership play in bringing forward commercial development. Warwickshire is well known for key sectors like automotive and aerospace, and in more recent years video game development and e-commerce. Partners speaking during the two panel session event include CDP, Countryside/ Vistry, HORIBA-MIRA, Prologis, Stoford, Tritax and WPDG.
Global property advisors CBRE will also be there to talk about their insights from promoting the Property Infrastructure Fund, or PIF, an innovative £64m fund that Warwickshire County Council launched last year as part of the Warwickshire Investment Fund (WIF), to help unlock commercial property development in the county area to benefit local SMEs and supply chains.
Sarah Windrum, Future Mobility Cluster Lead at HORIBA MIRA will join the panel and will update on the recent start of construction on Plot 9 of the MIRA Technology Park R&D campus, and about the wider masterplan that includes 2.3m sq ft of advanced manufacturing space, which has recently received planning approval, for the campus’ next phase of growth. The South Site will deliver high-quality, large scale manufacturing and industrial facilities that are complementary to the extensive R&D facilities and campus at the existing MIRA Technology Park site. This major expansion is expected to create 2,500 highly skilled jobs, and progress on site will be supported by major power and road infrastructure investment, creating an environment conducive to growth with a range of building sizes from 250,000 sq ft to suit tenant requirements.
Jo Russell, Planning Director from developer Stoford, one of the UK’s leading property developers specialising in occupier led development and strategic land promotion, will share insights from the company’s success in bringing forward developments in the Warwickshire area. Stoford have delivered over 2 million sqft of market-leading industrial and office schemes in the area over the last ten years. This includes the recently completed industrial scheme Spa Park in Royal Leamington Spa, Redditch Gateway, which includes 446,356sqft of spec built space over two units next door to a new Amazon facility, the new Carbon 302 re-development at Middlemarch near Coventry & Warwick Giga Park, and the promotion of a further 6 million sqft of future schemes through the development plan process, which has the potential to deliver significant new jobs and investment.
Joe Skinner, Development Director at Tritax Symmetry, Tritax Big Box REIT’s logistics developer, will be there to talk about their flagship Tritax Symmetry Park Rugby scheme, and the second phase of spec build development that is now under construction. The three high quality logistics units ranging from 170,473 sq ft up to 390,694 sq ft will be built to net-zero carbon in construction standards and will target BREEAM Excellent and EPC A+, providing state-of-the-art logistics space and are set to complete in Autumn 2024. The phase 2 speculative development follows Tritax Symmetry’s successful pre-letting of one million sq. ft. of industrial space to Iron Mountain for its UK Campus, which was named Industrial Agents Society (IAS) Deal of the Year (over 250,000 sq. ft.) 2023. Situated on the M45/A45 strategic highway link, the site is located at the heart of the logistics ‘Golden Triangle’ network, an established distribution and manufacturing location, and the site forms part of the wider South West Rugby Urban Extension, which is due to provide up to 5,000 new homes.
For more information on UKREiiF, visit: https://www.ukreiif.com/
If you’re attending UKREiiF and would like to join ‘Warwickshire Creating Places’, register here: https://Warwickshire-Creating-Places-UKREiiF24.eventbrite.co.uk