Lye development boosted by Fusion expertise
Thursday, 09 August 2007
A multi-million pound property portfolio continues to gather pace as Burson Land – a strategic partnership between Black Country-based Stewardson Group and Birmingham-based Zulu Capital – delivers and successfully lets its fifth scheme in the past 15 months on the site of a former OK Diner.
The scheme in Lye, near Halesowen, brings Burson Land’s development investment portfolio to £5 million and has created 4,000 sq ft of retail space signed up by national brand Subway and two other quality retailers.
We were appointed to project manage the scheme, which forms the backbone of Burson Land’s development strategy.
Director Phil Stewardson said: “We have a long history of retail in the Stewardson family and understand what retailers want and how to create workable units that will let quickly.
“Drawing on Fusion’s skills, we were able to maximise the existing space in Lye, which required remediation services, design and build to create three new good-sized units and a prominent new roadside scheme.”
Targeting development opportunities with an end value of between £500,000 and £3,000,000, Burson Land is currently looking at sites throughout the Midlands, having recently secured two sites in the Black Country this month alone, which we are also to project manage.
Mark Burkes set up Zulu Capital in March 2006 following his departure from Milton Keynes-based developer, Frontier. With the backing of the Stewardson Group, which itself has an enviable track record with Stewardson Properties and Stewardson Developments Ltd gaining a joint balance sheet over the past 10 years approaching £12 million, Burson Land aims to build a £15 million investment portfolio, aiming specifically at brownfield sites.