Opus Land has agreed the development of a new £2.5 million car showroom with Volvo at Opus Aspect, its 10-acre mixed-use site at Erdington, Birmingham.
Franchisee, Paul Rigby Volvo, will be moving to the 13,240 sq ft facility – the company’s key central Birmingham dealership – in February 2013: a relocation from its current Rocky Lane, Aston site - which they have outgrown due to recent expansion.
Volvo has taken a 17-year lease at a rental in excess of £174,000 pa on the building, on which Opus will commence construction in September this year.
Volvo is the second new occupier to be attracted by this strategic location close to junction 5 of M6 and only minutes from Birmingham City centre.
Last year, Selco Trade Centres took possession of a purpose-built, warehouse on the Park on a 20-year lease, which Opus Land subsequently sold to Hilltop Properties for a sum in excess of £4 million.
Opus Land’s Development Director, Gareth Williams said: “Both Volvo and Selco have chosen Opus Aspect for its strategic location – a key priority for both a car showroom, as well as a trade only self-select warehouse.
Joint letting agents are GVA and Jones Lang LaSalle.
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