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Industrial/Warehouse News
Owners and developers of Ivanhoe Business Park at Ashby-de-la-Zouch, CWC Group have seen unprecedented success with this site over the last few years. Having developed out office, industrial, warehouse and indeed even a day nursery on site, they are now pressing on with speculatively developing seven smaller trade counter or industrial/distribution buildings to add to the vitality of the park.
With the units flying up and ready for occupation at the end of 2016, the unprecedented demand for this type of space in Ashby has already been shown as three of the seven units have been sold or let already, one to local company Quintus for their own occupation for distribution purposes with the other two deals completed to household name trade counter operators, Screwfix and Toolstation.
The units under construction individually will extend to 450m² (4,845ft²), however, with the four units remaining adjoining space can be provided in a single building of up to 1,800m² (19,375ft²).
Development Director at CWC Group, James Richards, commented:
“Our agents on the scheme, Tim Gilbertson of FHP and Phil Randle of Salloway have already brought us three new occupiers for this exciting addition to Ivanhoe and we are close, we hope, to agreeing at least one further deal over the coming days.
We always anticipated that this scheme would be very well received locally given the complete lack of supply of trade counter/industrial/warehouse units in this size range and our anticipation has proved correct so far given the amount of demand and indeed success that we have already achieved.
The units really are filling a hole in the market and appealing to both locally based family companies and indeed national chains too.”
Tim Gilbertson of FHP added:
“We were always convinced that this scheme would work well but to have three deals done so quickly is exceptional. Given the latent demand in the area from local and indeed national companies who want to take advantage of Ivanhoe’s superb location on the edge of Ashby and perhaps more pertinently within minutes of the A/M42, we can only think that as this scheme progresses more deals will be agreed. Indeed our confidence is such that we aim to have all units sold or let before the buildings are actually complete. This would be a remarkable achievement if we can pull it off but at the moment indications of success are certainly positive.
It goes without saying therefore that any companies potentially interested in taking one of the remaining units should move swiftly and come and join established national occupiers such as Screwfix and Toolstation.”
For more information on the scheme or to discuss a potential lease or purchase of one of the units then please contact either Tim Gilbertson at FHP (0115 9507577/email tim@fhp.co.uk) or joint agent Phil Randle at Salloway (01283 500030/phil@salloway.com).