Medtech expands UK presence with Blythe Valley deal

Blythe Valley Park

European medtech Abbott has expanded its UK presence with a deal to take up 10,000 sq ft of space in the West Midlands.

The company, which last year acquired global healthcare business St Jude Medical for $26bn, is the latest tenant for IM Properties’ Blythe Valley Park, near Solihull.

Abbott is relocating part of its operation from Stratford-upon-Avon and is moving into the Elder building which has undergone an £800,000 refurbishment as part of IM Properties on-going investment at Blythe Valley Park.

The announcement follows a spate of high profile prelets and lettings at the business park in the past six months to Prologis, Rybrook Holdings and PFK Cooper Parry.

Harry Goodman, asset manager for IM Properties said: “We’re very happy that Abbott have decided to move some of their operations to Blythe Valley Park. Their relocation from Stratford-upon-Avon is a testament to the quality of refurbishment at Elder, and the draw of Blythe Valley Park.

“Abbott is a leading global operator from a brand new sector for us on Blythe Valley Park. They sit perfectly with the Blythe brand and our promotion of health and wellbeing as part of (our) commitment to offer high quality working environments.”

Coleshill-based IM Properties has a further 44 acres of development land available at Blythe Valley Park for design and build options, in addition to 40,000 sq ft of existing Grade A space available to let in One Central Boulevard.

IM Properties is one of the largest privately owned property groups in the UK, with an investment and development portfolio of circa £900m across the UK, Europe and United States.

Close