NG Manufacturers Expansion Plans At Preconomy
20th February 2015
NG Chartered Surveyors, acting behalf of landlords Standard Life, has successfully let Unit 1B, Longstoop Way located on the Crown Farm Industrial Estate in Mansfield.
The 23,621 sq ft industrial unit has been let to Preconomy on a new 5-year lease. Preconomy is an expanding engineering company specialising in mould and die manufacturing.
Henry Henson of NG, who completed the deal, said: “This deal in Mansfield shows that there is a definite sense of confidence within the local marketplace.
“Preconomy is a rapidly expanding firm, and could’ve chosen to move out of the area. However, they decided to stay in Mansfield after we identified Longstoop Way as the perfect arena for their expanding operations.
“Preconomy is set to invest substantial amounts of money in its new premises and is installing Brisbane tanks and a large crane system for its manufacturing process.
“Our client Standard Life was very happy to get this deal done, which shows, once again, that NG is the best agent for the job when it comes to local knowledge and experience.”
Alex Tommason of Standard Life, said: “In regards to NG, the expertise shown by Henry and his colleagues was at a high level and I was very happy in the service provided.”
Scott Osborne of Innes England acted for Preconomy. He said: “Preconomy is a long-established and well-respected Nottingham business with a highly skilled workforce and I am pleased we were able to satisfy their requirement locally.
“Takeup in the Nottingham industrial market recorded its highest levels of activity in eight years last year – we recorded 1.2m sq ft of transactions for the calendar year 2014 – which is reflected by the confidence of local businesses such as Preconomy. I wish them continued success at their new Crown Farm premises.”
Tim Gilbertson at FHP was joint agent on the deal.