AIM Aviation, designer and manufacturer of aircraft cabin interior products, has confirmed it has secured £11m of new space at Aviation business park at Bournemouth Airport in Dorset.
AIM Aviation has signed a 20-year lease with MAG Property for a £11m, purpose-built, 160,000 sq ft advanced manufacturing and office facility at the park.
Construction on the seven-acre development site is scheduled for completion by the end of summer 2015.
The facility will provide AIM’s cabin interiors division with 30% additional capacity, to meet expanding demand for its premium aircraft interiors.
The new development for AIM Aviation forms part of a wider ten-year development masterplan for Aviation business park, backed by Christchurch council and Dorset council.
Outline planning permission was secured in December 2011 to deliver a range of new business premises and commercial space, split across five separate plots, totalling around 35 acres, within the existing footprint of the 200-acre Aviation business park.
Aviation business park currently provides 1.6m sq ft of business space. Existing major occupiers include Honeywell, Babcock, Meggitt, Siemens, Cobham and CSE Citation.
Lynda Shillaw, divisional chief executive, property at Manchester Airports Group, which owns Bournemouth Airport, said: “AIM Aviation is a global leader in its field and this major investment in a new state-of-the-art facility underlines the strength of Aviation business park as a leading location for businesses looking to grow, and of our credentials as a property developer willing to support growth for incumbent partners and newcomers to the site.
“This project will continue to build upon the existing success of the park and kick-starts our ten-year development programme that has the potential to create more than 1,000 jobs and up to half a million sq ft of new first-class property assets.”
annabel.dixon@estatesgazette.com
