The proposals were put forward in a joint venture (JV) between Chancerygate and specialist sustainable and impact investor Bridges Fund Management.
The JV intends to develop a scheme comprising 22 leasehold units ranging from 4,500 sq ft to 60,000 sq ft.
Called Torque, the proposed development will be located on Chester Road in Erdington, on the outskirts of Birmingham city centre and in close proximity to both junction 5 and 6 of the M6. It has a projected gross development value of £77m.
Neighbouring occupiers to the proposed development include Jaguar Land Rover, Volvo and Selco Builders Warehouse, as well as further retail and industrial parks.
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Chancerygate and Bridges are also in discussions with two parties on the sale of two prominent plots of land to the front of the estate.
All units at Torque will be fitted with electric vehicle charging points and solar panels on their roofs, which will provide occupiers with green energy on an affordable basis.
The units are being constructed from high-performance building materials to reduce CO2 emissions and occupier operation costs. The scheme is targeting EPC A+ and a BREEAM Excellent rating as a minimum.
Chancerygate development manager, Rob Watts, who is based in the company's Birmingham office, said: “There is unsatisfied demand from SME occupiers in Birmingham and across the West Midlands for high quality, sustainable urban logistics units in prime locations.
"Torque will aim to satisfy this through providing flexibly sized, high specification space on what is regarded as one of the city’s most prominent sites.
"Our proposed plans will regenerate a redundant building into new Grade A accommodation which will be of interest to a range of prospective occupiers. We look forward to working with Birmingham City Council and stakeholders to bring forward this much needed highly specified development."
Agents for Torque are Knight Frank and Gerald Eve.
