Prospero, Ansty Obtains Planning Consent For £130m Meggitt Building
Manse Opus have achieved planning consent for one of the largest Midlands industrial lettings in over a decade. Planning consent has been granted to the joint venture between Opus Land and Manse LLP to build a 440,000sqft building for Meggitt Plc. This will be the first unit to be built in the 2,000,000sqft industrial park known as Prospero, Ansty located in Coventry / Rugby.
Development is expected to commence in August 2018 with final completion by October 2019.
Manse Opus have been appointed by Rolls-Royce to lead development and regeneration of surplus land owned by Rolls-Royce. The 200 acre industrial park will provide an anticipated 2,000,000sqft of modern manufacturing buildings alongside the retained Rolls-Royce operations, MTC, and the Sainsbury’s regional HQ.
David Mitchell and Richard Smith joint managing directors of the Manse Opus joint venture commented, “We are delighted to have secured this planning consent. It marks the beginning of construction for one of the Midlands’ most important industrial parks. This deal with Meggitt is the largest in the region to our knowledge for many many years, a reflection on the quality of the location, what has been created by Homes England at Ansty Park and what Manse Opus is in the process of creating on the surplus Rolls-Royce land.”
Manse Opus is a collaboration between Manse LLP and Opus Land, two Palmer Capital backed companies. Manse LLP is a privately owned partnership formed in 2009, between David Mitchell and Palmer Capital. They specialise in Development, Investment and Asset Management, of predominantly commercial property, throughout the UK, with specific knowledge of Scotland and the North of England. Opus Land is a leading UK property development and investment company with offices in the West Midlands and London. Founded in 1999 and part owned and funded by Palmer Capital, the company has an established track record in delivering added-value solutions for real estate. The company has extensive experience of working in partnership with landowners, investors and occupiers with assets under management and a development pipeline approaching 3 million sq. ft.
Palmer Capital is a UK focused real estate investment management company with >£900m of assets under advice and management (as at 31st December 2017). Founded in 1992, the company is privately owned and has c. 25 years of experience in direct real estate.
The business has minority share holdings in 8 property asset and development management companies which provide Palmer Capital with the advantage of being able to source and execute property transactions in specialist value add strategies.