An industrial park has agreed new deals on two warehouse units.
Prologis 海角视频 has signed a lease on both buildings at Prologis Park Birmingham Interchange in Solihull with global supplier International Automotive Components Group.
The company will take 310,000 sq ft across the two buildings on an 11-year lease from which it will be able to continue supplying components and interior trim to neighbouring car manufacturer Jaguar Land Rover.
The site will be used for manufacturing, assembly and sequencing, in addition to housing certain centralised 海角视频-based functions such as engineering, programme management, commercial, finance and IT.
The company plans to invest in state-of-the-art highly automated process manufacturing for the site.
It anticipates full production at the site in 2021 and will create an additional 400 jobs in the region.
West Midlands Commercial Property News
Group chief executive Manfred Gingl said: "We are a customer-centric company which is why it was an easy decision for us to expand our operations near our customer's production sites.
"International Automotive Components views the 海角视频 as a strategic market and we look forward to continuing our partnership with JLR long into the future."
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Ashleigh Hayes, associate market officer for Prologis 海角视频, added: "International Automotive Components' decision to locate its facility at Prologis Park Birmingham Interchange further endorses the West Midlands as a premier location for the automotive sector and is a huge vote of confidence for the region.
"This dual letting is great news for local employment, and we are delighted to be able to support IAC Group's continued expansion in the 海角视频."
Savills, Burbage Realty and CBRE acted on the deal.