Sunday, January 17, 2021

Double deal at Leicestershire business park

Specialist Property Consultant and Chartered Surveyor, Wells McFarlane has completed two transactions at Arkwright Hill Farm Business Park, Leicestershire, representing more than 12,000 sq ft industrial space.

Multi-utility solutions specialist, Granemore Group has taken a 7,799 sq ft industrial unit, marking the company’s fifth UK office.

Neil Henderson at Granemore Group explains the decision behind the move: “The business has been growing rapidly since we joined the UK’s ultrafast broadband initiative and began specialising in building fibre networks some six years ago.

“Having recently been awarded a five year contract to provide circa 180,000 Leicestershire homes with ultrafast broadband, it was obvious additional local premises would be needed to fulfil this order.

“Arkwright Hill Farm is easily accessible and the unit ticked all the boxes – separate warehouse and yard, office space, private parking and excellent security features. It will enable us to not only complete the contract but also continue our growth across the East Midlands.”

The second transaction completed by Wells McFarlane this month (November 2020) will see vitamin supplement specialist, Lifeplan Products Ltd take a 4,507 sq ft unit. Chairman of Lifeplan Products Ltd, Melvyn Sadofsky said: “Our business has been growing so much that we required additional storage facilities nearby our existing premises. Arkwright Hill Farm sits just 4.5 miles north so presented the ideal solution.”

Andrew McFarlane Holt, director at Wells McFarlane added: “These deals prove there is not only an appetite for quality industrial premises within the region but also a confidence from businesses across different sectors; it’s great to be able to secure these lettings and thus facilitate expansion.

“The demand for industrial units of all sizes only seems to be increasing and we’re working imaginatively with landlords to realise potential including reconfiguring space and exploring new markets.”

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