Savills - Industrial Development - Aldridge, Greenstar To Open One Of The UK's Largest Recycling Facilities At Westpoint, Aldridge

Date: 19 Sep 2007

Helical Bar and Canmoor, advised by M3 and Atisreal, have secured the letting to Greenstar Environmental at WestPoint in Westgate, Aldridge for the development of one of the UK's largest materials recycling facilities (MRF).

Advised by Savills, Greenstar, the recycling led waste management company, has taken the 135,160 sq ft (12,556 sq m) industrial space on a new 10-year lease at a rent of £3.25 per sq ft (£35 per sq m). Greenstar plans to invest £7 million into the development of the MRF, which will open early next year. The facility has already gained planning permission from the council and a waste management license from the Environment Agency. It will employ approximately 50 staff.

Ian Wakelin, Managing Director of Greenstar says: "The UK has a real deficit in recycling infrastructure, particularly in the Birmingham area, and Greenstar is addressing this need. The Aldridge Plant will utilise the best technology and equipment available in the world which will enable the plant to separate and sort mixed and kerb-side sorted waste streams producing a very quality end product. The new 4.5 acre site will eventually have the capacity to handle a quarter of a million tonnes of recyclable materials per annum."

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