Business Park at Full Capacity
28th November 2012
An industrial development at Calverton is now at full capacity after a deal secured by the Nottingham office of property advisors Savills. Calverton Business Park was constructed in two phases by Pelforth Developments, the property vehicle which includes a number of industry figures.
Savills has now let the last three industrial units on the Hoyle Road site. The deals has seen Nottinghamshire County Council agree a new ten-year lease on a series of adjacent warehouse units, which total 21,530 sq ft of industrial space.
All three modern steel portal frame units benefit from an eaves height of six metres allowing the installation of mezzanine floors.
Calverton Business Park has been built in two phases and provides in excess of 70,000 sq ft (of newly developed warehouse/light industrial space arranged as 19 individual business units.
Nottinghamshire County Council will join Bayles & Wylie, Atomic Interiors, Conestoga-Rovers & Associates (Europe) Limited and Olympic Shaver Centre, among others, who already occupy space on the business park.
Nottinghamshire County Council has acquired the property to enable the relocation of its County Supplies warehouse, which was previously based at Arnold.
Councillor Reg Adair, chairman of finance and property at the county council, said: “Moving the County Supplies service from its current site to Calverton Business Park represents a good deal for taxpayers and will benefit both County Supplies and their customers.
“The move will enable County Supplies to retain their excellent, central Nottingham location, whilst operating from modern premises, fitted-out to the needs of the service.”
Ian Muxlow, director at Savills Nottingham, added: “We are extremely pleased to welcome Nottinghamshire County Council as the final occupier to this popular warehouse/industrial scheme.
“Pelforth had the vision to design a range of unit sizes that have appealed to a wide variety of businesses and the high-calibre of occupiers on the business park is a testament to the quality of the development. This latest deal brings the park to full capacity as we begin to experience a shortage of good-quality, well-located industrial space in and around Nottingham which will inevitably lead to an increase in values.”
NG Chartered Surveyors acted as joint agents with Savills in the marketing of the final phase of Calverton Business Park.
Nottinghamshire County Council was unrepresented in the deal.