Manse Opus kickstarts 2023 with the sale of its Grade A 856,000 sq ft industrial scheme
Manse Opus is delighted to announce the forward funding sale of its 856,000 sq.ft Grade A industrial scheme at Prospero Ansty Park (“Prospero”). This is the biggest deal yet on its Prospero development, being one of the largest vacant possession industrial deals to complete in the area last year.
Manse Opus have been active on Prospero for over five years. These new units bring the total amount developed or under development by Manse Opus at Prospero to over 1.4million sq.ft There are plans for the delivery of further units over the short term.
The forward funding is for four units of 300,000 sq ft, 171,000 sq ft, 268,000 sq ft, 116,000 sq ft all of which have been sold with vacant possession. Manse Opus is the developer and is targeting actual completion in early 2024.
The scheme demonstrates Manse Opus’ commitment to delivering buildings that are fit for the future, combining high quality finishes with high energy efficiency, low carbon solutions and importantly lower costs for its future occupiers. Manse Opus will be delivering some of the top sustainability certifications, including BREEAM Excellent and EPC A ratings.
Set in 196 acres, the award-winning park is already home to major occupiers, including Rolls-Royce, Cadent Gas and aerospace company, Parker Meggitt. The site, zoned for employment is located six miles to the north east of Coventry City Centre and offers an excellent solution for both businesses and employees.
Victoria Turnbull, Managing Director of Manse Opus commented “Despite the turbulence in the funding market we are delighted to have closed this enormous deal. We believe that there are very few developments of this quality about to be constructed and that matched with the outstanding location of the park bodes very well for the funder. We are continuing to hear stories of delayed or cancelled projects and are convinced that the letting of these units will be swift.
Opus Land and Savills Investment Management purchased a brownfield site, which was formerly a Ford Factory car park and obtained planning for a 60,000 sq. ft retail space, located just 0.5 miles from the town centre and 15 minutes’ walk from the train station.
Together with their joint venture partner, Manse LLP, and on behalf of Rolls-Royce, Opus Land are delivering more than 2 million sq. ft of space at Prospero, Ansty, starting with a 490,000 sq. ft manufacturing facility for Meggitt PLC.
Opus Land and Bridges completed an 153,800 sq. ft unit with 16 loading doors at the Kingwood Lakeside Business Park in Cannock.
A 160,950 sq. ft multi-let office, three miles from Birmingham city centre which underwent a comprehensive refurbishment programme by Opus Land and was sold for £24.25m.
