Temperature control solutions company ICS Cool Energy has snapped up a 42,000 ft2 midbox warehouse at developer Vengrove’s Avalon Point scheme at Erdington Industrial Park in Birmingham.
The company has taken a new 10-year lease on Unit 1 which totals 42,538 ft2, at a headline rent of £12.50 per ft2.
Avalon Point was speculatively developed by Vengrove and completed last year. It comprises two prime mid-box warehouses built to BREEAM ‘Excellent’ specification and offering 10m eaves height, 44m secure yard and 500 kVA power supply.
Harris Lamb’s Neil Slade, who oversaw the letting, said: “The new build mid-box market has been a little lethargic, perhaps consequential to the compounded political and economic uncertainties we have faced but there is recent positive take-up in the second quarter of 2025 with a number of secondary unit lettings. However, this is the first speculative mid-box deal and – we believe – one of the best ever rents secured within the Birmingham commercial marketplace.
“Despite a number of competitive opportunities within the region, ICS was attracted to the property due to its high specification new-build credentials, its superb location and ability to occupy quickly.”
