Saturday, March 6, 2021

Leicester engineering company expands with new warehouse facility

Commercial Property Partners (CPP) has facilitated a new letting on behalf of retained clients on a 42,498 sq ft warehouse facility located on a Leicester business park.

CPP secured the tenancy agreement at Centurion Way, Meridian Business Park with Ridgway Machines, a Leicester-based engineering company which identified a requirement for additional space having secured a number of new contracts.

Ridgway manufacture precision taping and winding machines, with over 95 years engineering experience. Their machines are widely used for manufacturing electrical coils, cable and conductors, and to manufacture Reinforced Thermoplastic Pipe (RTP) for oil and gas pipelines.

The long term lease with Ridgway was agreed swiftly after bringing the building to the market.

Commenting on the move, Stephen Hunt, CEO of Ridgway Machines said: “The business has seen a sudden expansion following new contracts, and further recruitment as a result.

“Meridian Business Park provides the ideal new location for Ridgway Machines, allowing us to expand within our heartland and continue to provide best in class service for our valued customers.”

The unit comprises a modern self-contained warehouse with a steel portal frame construction, benefitting from 6 ground level loading doors and a modern, interconnected two-storey office block.

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