June 23 2016
A planning application for the construction and operation of a Renewable Energy Centre (REC) at Fort Industrial Park, Castle Bromwich has been given the green flag by Birmingham City Council. Developer Rolton Kilbride submitted the application to develop the energy centre on an industrial site, on behalf of Legal & General Property’s (LGP) Industrial Property Investment Fund (IPIF).
The facility will recover energy from residual, non-recyclable waste in the form of heat and electricity, which can then be exported to commercial energy users in the surrounding area. The facility is capable of generating renewable electricity and heat, both of which could significantly benefit local businesses, reducing their operating costs and supporting economic viability and potential growth.
The Energy Centre is expected to generate up to 20 new technical jobs, as well as additional contract jobs and construction employment during the build. The Facility could become operational in approximately three years.
Recognising the significant impact that the implementation of green initiatives can have upon the built environment, LGP aspires to be at the leading edge of the sustainability agenda, placing it at the centre of all investment decisions and its working culture.
Paul Edwards, Director Asset Management at Legal & General Property said: "As one of the largest and most active property fund managers in the UK, we have a strong commitment to sustainability. This project demonstrates the importance of working in collaboration and in new ways with local occupiers to achieve a product that not only offers strong rental income to our investors but creates a high-quality development that is attractive for our tenants."
Andrew Needham, Managing Director of Rolton Kilbride said: "This is an exciting development for Castle Bromwich. The Fort Parkway Energy Centre will provide a secure, predictable and sustainable source of energy and we are delighted with the decision to grant planning permission."