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Work is progressing on a new UK headquarters in the Black Country for international engineering firm Sandvik Coromant following a £ 5million investment by the West Midlands Combined Authority (WMCA).
Andy Street, Mayor of the West Midlands and President of the WMCA, visited the site of the new headquarters off Manor Way, Halesowen, to see how work is progressing on the project which will also create a new high-tech innovation hub for metal cutting.
The investment is the latest in the WMCA’s Decentralized Housing and Regeneration Program, which is providing new homes, jobs and commercial space in the West Midlands, helping the region’s economic recovery after Covid 19.
Sandvik Coromant employees, currently based in a former office and warehouse located elsewhere at the company’s existing site in Manor Way, will move to the new sustainable 18,000 square foot headquarters once it is completed by the developer Stoford at the end of 2022.
The old buildings will then be demolished and the land, subject to planning permission, converted into housing.
The Mayor said, “Sandvik Coromant has a rich Black Country-based history, and I’m really happy that the WMCA was able to put their money on the table to help this story continue.
“Not only is this another shining example of how the WMCA is prioritizing brownfields for regeneration to create new local jobs, but it also shows how serious we are in tackling the emergency.” climate change and in achieving our goal # WM2041.
“Sustainable developments are key to achieving this, and with its solar panels, electric vehicle charging points and rainwater harvesting technology, Sandvik Coromant’s new headquarters is exactly the kind of sustainable design we have. need.
“The facility overhaul has been a long time coming,” said David Harbon, UK sales manager at Sandvik Coromant. “Although we found that our current space no longer suited our needs, this new facility will be fully scalable.
“Not only will the state-of-the-art and eco-friendly site provide a high experience for our UK staff, but we are transforming the site into more than just office space. Current and future customers will be able to immerse themselves in the Sandvik Coromant experience and benefit from a first-rate level of support. Our ambition is to create a real hub of innovation for metal cutting in the United Kingdom.
Angus Huntley, Director at Stoford, added: “We are very pleased to be working in partnership with Sandvik Coromant, the WMCA and Frontier Development Capital to deliver this new headquarters in Halesowen. We are developing a modern, energy efficient facility with strong environmental, social and governance (ESG) credentials that will retain many high quality jobs in the West Midlands. “
Access to WMCA funding was provided by the real estate team of Frontier Development Capital Ltd (FDC). FDC continues to work closely with real estate developers to organize WMCA Collective Investment Fund (CIF) and Revolving Investment Fund (RIF) investments.