The Midlands, UK

Key Property Investments (KPI) is the UK-based joint venture company owned equally by Salhia and St Modwen Properties PLC.

Washwood Heath, Birmingham
This 22.7 hectare industrial site provides over 93,000 m2 of industrial distribution warehousing with excellent rail and motorway connections. Acquired by KPI in 2002, planning consent has been granted to construct 92,800 m2 of new offices, industrial space and warehouses.

Boughton, Leicester and Mill Roads, Rugby
Located next to Rugby railway station, this property purchased in 2001 comprises 28.3 hectares of employment sites along with 111,500 m2 of older industrial buildings. At present the sites are leased to a range of light industrial and warehousing tenants including Alstom.

In 2007, KPI obtained planning consent to further develop the property. This venture will involve constructing 480 residential apartments, a new campus for Warwickshire College, a do-it-yourself store and a garden centre. The plan retains the main 55,750 m2 industrial building, enabling the existing operations to continue.

Newbold, Rugby
This industrial complex comprises 13 buildings totalling 63,360 m2 on a 17.8 hectare site that is currently rented on a long-term lease.