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Region’s commercial development market ‘moving fast’

28/02/2020

2020 is off to a flying start for Lodders’ Real Estate practice, driven by the UK’s ‘fast moving’ commercial development market, and unprecedented demand for commercial and industrial schemes.

“We have seen a hike in the volume of commercial development work and are acting for numerous landowners, developers and private companies looking to take new Grade A industrial space on commercial development projects across the West Midlands, particularly in Warwickshire, Worcestershire and Shropshire,” explains Alastair Frew (pictured), partner and commercial property law expert at Lodders.

High demand

“Whilst many are relatively small schemes when compared to the huge sheds and commercial units which grab the headlines, these are being snapped up by the market in double-quick time because they are pretty rare and in high demand.”

Lodders recently acted for Fassi UK, the UK arm of Italian specialist lifts and cranes manufacturer Fassi Gru Spa, on the construction, completion, and purchase of a Grade A new-build commercial unit at the 132-acre premier business park Tachbrook Park in Leamington Spa.

Fassi cranes are fitted to thousands of trucks and lorries and used throughout the UK in a range of construction projects. The Italian parent company, Fassi Gru Spa, was formed in 1965 and is one of the world’s largest truck loader crane manufacturers, producing over 9500 cranes each year and selling them in five continents. To meet the growing demand for the Fassi products in Britain, Fassi UK Ltd was set up in 1979, and today has a national network of approved main dealers and service points and headed by MD is Leigh Carter.

“Fassi UK is a flourishing engineering company and was looking for new space to enable it to service its growing order book from a highly accessible and UK-central location,” Leigh explains. “The unit at Tachbrook Park, and its proximity to the M40 and wider motorway network, represented the perfect location. With help from Lodders, we can now realise the company’s expansion plans. ”

Lodders’ Real Estate practice is one of the largest in the West Midlands with 32 specialist real estate, commercial property, planning, construction, and highways legal experts, including nine partners. The Real Estate team was commended as Top Tier in the 2019 Legal 500 rankings.

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For more information, please contact Alastair Frew on 01789 206117, or via email.