IPIF, a specialist industrial fund of Legal & General Investment Management, alongside development partner Prime Box, has begun construction on a 3.4-acre brownfield site in Hamstead Hill, Birmingham, UK.

Named Prime Park, the more than 70,000ft² industrial development will provide a warehouse and trade counter space four miles north of Birmingham's city centre. 

Prime Park will feature ten units ranging from 1,690ft² to 28,416ft² in size. The scheme aims to operate at a net-zero carbon level.

Several apartments have already been pre-let or offered to occupiers, including for self-storage provider SureStore and bakery Greggs.

The new £20m development is expected to be complete early next year.

Prime Box director Richard Lord said: “I'm thrilled to see construction get underway on this scheme which will offer high-spec sustainable buildings on a disused, former factory site.

"We have prioritised energy efficiency to minimise environmental impact and appeal to occupiers, their employees and customers alike who are putting more and more focus on sustainability.”

Contractor A&H Construction is building the development.

The facility is being jointly marketed to customers by Birmingham property businesses KWB and Johnson Fellows.

KWB director of its industrial agency Kenny Allan said: “The fact that several of the units were pre-let or under offer pre-construction suggest that the remaining units won't be available for long. There continues to be huge demand for industrial space in Birmingham and the West Midlands.”