HBG Properties to develop prime M42 Junction 4 site

12 December 2007 20:23 - BAM Property Ltd

London, 10 December 2007 - HBG Properties is to develop 170,000 sq ft of office space at the Aspire site close to Junction 4 on the M42.

The first phase of the development, which will start in February 2008, will comprise two buildings of 24,000 sq ft and 39,000 sq ft and is expected to be available in spring 2009.

HBG Properties acquired the 29 acre site from Morley Fund Management. As part of the deal 17 acres of the site will be made available to Solihull Council for the development of a country park.

The development will be to at least BCO Grade A specification with a BREEAM rating of 'very good'.

HBG Properties Midlands Director, Alistair McChesney, said: 'This will be an excellent location for companies because of its accessibility to the M42, its close proximity to major transport links and its extensive parking facilities. I am also delighted that Solihull Council will have the opportunity to create a country park which will be a valuable amenity for everyone in the region. This is a win-win as far as HBG is concerned: it will be a further boost to the area in general and it will also mean that our development will sit in a very attractive environment for the people who work there.'

Further information: Mark Slattery, HBG Corporate Communications Department, 020 8338 2341.