Valor agrees 57,000 sq ft green urban logistics letting in Birmingham

Valor Real Estate Partners has completed a 57,000 sq ft urban logistics letting to Specialist Computer Centres in Birmingham. The last-mile logistics specialist bought Oscar House in 2021 and completed a refurbishment this year. This included a 6,000 sq ft extension and several sustainability initiatives to improve the building’s EPC rating from D to A. The 15-year lease with SCC, a global IT solutions company, also includes a green clause that mandates the sharing of energy usage data to ensure the asset operates as efficiently as possible. The property is located in the Tyseley area of Birmingham, with easy access to the city centre and the M42 motorway and 5.6m people living within a 60-minute drive. Will Outram, associate, asset management at Valor, said: “We are increasingly focused on delivering a highly sustainable product via retrofitting, which reduces the embodied carbon and both supports our tenants in achieving their own ESG goals and is more cost-efficient to occupy.” Birmingham is a key growth market for Valor, with logistics take-up in 2022 reaching 58% above the long-term average and vacancy rates close to historical lows at around 3% owing to a limited development pipeline. Valor was advised on the letting by Harris Lamb, Savills and Avison Young. To send feedback, e-mail julia.cahill@eg.co.uk or tweet @EGJuliaC or @EGPropertyNews Discover which agents have been most active in Birmingham so far this year >> Photo courtesy of FTI Consulting