Commercial
Commercial
Rigby Real Estate is the Group’s commercial real estate business.
Impact
Rigby Real Estate's principal activities are investment, management and development across the Group’s geographically dispersed and unique property portfolio surrounding the Group’s airport assets at Bournemouth, Coventry, Norwich and Exeter.
Capabilities
There are currently three large-scale projects in development in Coventry, Bournemouth and Norwich:
Current projects
The Gigafactory is a unique venture between us and Coventry City Council supported by an alliance of West Midlands industrial groups, local government and academic institutions. The proposals would deliver up to 5.7m sq ft of space for both battery production and recycling, adding £434m in GVA to the regional economy each year, as well as creating 6,000 new jobs and tens of thousands more in the supply chain.
The West Midlands offers one of the most competitive sites for a Gigafactory in the UK. A third of all cars produced in the UK come from the region which has unique access to existing supply chains. The region is home to Jaguar Land Rover, Aston Martin Lagonda, and BMW, whilst Coventry Airport is adjacent to the UK’s largest battery research centre, the UK Battery Industrialisation Centre (UKBIC).
As the largest employment location in Dorset, Aviation Business Park is a major economic and wealth creator in the region. Through our ongoing and proactive management, the Park continues to grow with over 100 national and international businesses including Honeywell, Curtiss-Wright, Draken, Hobbycraft, European Aviation and Gama Aviation.
Construction has started on a new 39,000 sq ft unit, available to let in Autumn 2023, whilst planning consent has been granted for over 1 million sq ft for future development. Our investment in securing planning is part of a long term strategy to ensure Aviation Business Park remains the regional location of choice.
We recently obtained planning for one of the largest developments in the region. This will enable us to deliver over 1.2 million sq ft of new employment and aviation related development on the 115-acre site. Rigby Real Estate has a vision to create the region’s premier business destination connected by the newly constructed A1270 Broadland Northway with the eastern expansion area of Norwich.
Vision
By the nature of our work, we are always aware of the Group’s four pillars of sustainability - planet, people, prosperity, principles. These four pillars of sustainability underpin Rigby Real Estate’s vision to manage and deliver sustainable development opportunities which have a positive impact on our communities, meet occupant needs, and provide ongoing economic benefits and return on investment.
"We are a small dedicated and highly experienced team, whose ethos is working in partnership with people including stakeholders and occupiers. Through collaboration we look to create and manage places where businesses want to grow and look to deliver major planning consents and commercial developments for the future."
Mike Murray, Commercial Real Estate Director, Rigby Real Estate
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Related News
West Midlands Gigafactory, the largest in the UK, to secure the British automotive industry’s long-term electric future
21 Oct 2021
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3 Sep 2021