East Midlands Workshop Expansion for Porsche Dealership
North Leicester Trade Park at Hamilton is expanding with a pre-let deal to build and rent high quality workshop and service premises to Sytner Group Ltd.
Leading Leicestershire commercial property specialist Andrew + Ashwell, which is overseeing the trade park development, has negotiated the deal with Sytner to extend further services alongside the group’s Porsche showroom next door.
Close proximity to Leicester’s inner and outer ring roads, with fast access both to the city centre and major road and motorway links, has put North Leicester Trade Park in demand for growing businesses looking for high quality premises, which are currently in short supply.
Jon Archer, A+A Director explained: “We previously obtained planning permission for an Aldi food store on the site pre-lockdown, more than three years ago. This store is now well established and popular locally. However, difficulties with the slope of the land involved the time-consuming construction of a large retaining wall in order to release further viable development.”
Since then A+A has agreed terms for several further occupants of the site, including a drive- through on the higher level, which it is hoped will go ahead in the coming months. Planning is also underway on a variety of further schemes
available for rent for industrial, warehousing and trade development use, which it is hoped will get underway early next year.
Sytner Group Ltd is a prestige car dealership specialising
in premium franchises,
Steve Dickinson, Centre Principal, said work was currently underway to complete the building and site, with launch set for late 2023.
“The new workshop and service premises will support and boost current capacity, as well as enhancing customer experience.
“This increased capacity will help reduce customer lead times in servicing and allow us to process more vehicles. The addition of extra outdoor space will in turn create more customer parking and ease congestion on site. We will also be looking to recruit new staff as business continues to grow and are forward to the launch.”
greatly looking
With expansion of the trade park also in the pipeline, Jon Archer added: “New-build industrial and commercial premises have been in short supply for years and whenever a new scheme comes out of the ground there is always high demand. The market is particularly strong at the moment, with no sign of a slowdown because there is always that pent-up need.”
Dutch Supplier Dives into UK Home Spa Demand with Launch of Prime Leicestershire Hub
A worldwide supplier of swim spas and hot tubs has launched its first UK distribution hub at a premier Leicestershire business park. Leading East Midlands commercial property specialist Andrew + Ashwell has negotiated the lease of large warehouse premises at Meridian North, to Dutch supplier Fonteyn, a global market leader.
Based in the Netherlands for 25 years, Fonteyn supplies the largest range of home spas and swim spas in the world. First stocks from Meridian are already available to dealerships, despite current refurbishment of the premises, while Fonteyn also seeks to expand the workforce and its UK distribution network.
Meridian Business Park is a prime industrial and logistics location for its close proximity to the M69/M1 intersection at Junction 21 - a main artery for nationwide freight – convenient for big cities, ports and airports.
The chosen unit occupies a prominent position on the north side of the park on the southern sector of the estate. It was previously occupied by online fashion retailer Boden and comprises 84,101 sq ft, of office and warehouse space, plus extensive loading and parking areas.
The refurbished building will feature offices, warehousing and what is planned to be the largest spa showroom in the world, ultimately stocking more than 1,000 models to satisfy
20
increasingly thirsty demand. Outdoor living has nurtured the trend for in-home spas. Marcus Sleath, Fonteyn Director, said the new hub would facilitate faster turnaround and delivery to meet the huge demand in the UK.
“This is a very exciting time for us. The UK is one of our biggest markets, with more than 85,000 spas and swim spas sold here to date. The new distribution centre at Meridian perfectly meets our needs as a convenient and cost-effective central hub for UK expansion.
“While conversion of the building will be
completed by the end of the year, we already have around 500 spas and swim spas in stock, plus more on the way. This means much faster delivery for the 30 dealerships we already serve in the UK and we expect this number to increase.”
Mike Allwood, A+A Partner said: “This is a positive development for the local economy, enabling an international company to use a sought-after Leicestershire business park as a vital first base for expansion.
“It’s certainly one of the larger secondhand units to hit the market over the last few years. Having been involved in the marketing since March this year we are delighted to have completed the letting within three to four months and wish Fonteyn every success in their new venture.”
including
Audi, Porsche and BMW, based in Leicester for over 50 years.
Charnwood Perfectly Placed for Investment
The central location of Charnwood means it is perfectly placed for investment and growth over the coming years. Having successfully secured almost £17m for a Towns Deal for Loughborough, the total value of which will see public and private investment of over £80m in the next five years, a £4m bid to the UK Shared Prosperity Fund has now been submitted so the future is bright as the brough builds on recent inward investment and regeneration activity.
Projects are already delivering
tangible benefits for businesses and residents with 2022 and 2023 seeing new schemes being brought forward. These include a new Riverside regeneration project which will upgrade the historic national Waterway corridor which links the town centre and railway station making it a more attractive place to visit and use as a sustainable travel corridor. This project targets the towpath of the Grand Union Canal and will see 2km of improved waterways through Loughborough town
number
centre of
and new
opening mooring
up a sites
enhancing this crucial part of the visitor economy.
Continuing to position Charnwood as a place fit for the modern economy, in partnership with Loughborough College, 2023 will see the delivery of a £7m Digital Skills Hub. The Hub will provide the infrastructure and expertise needed to work with young people and employers. A range of T-Levels and Apprenticeships in the digital economy will feature.
These projects are just a flavour of the
exciting things happening in
Charnwood and they complement recent major inward investment, such as the Access Group locating its HQ at Loughborough University Science and Enterprise Park. The park is one of two Enterprise Zones in the town. With sights set on some once-in-a-generation
regeneration
opportunities now is an excellent time to locate or grow your business in this thriving sub-region.
If you are looking for great
opportunities to grow or expand your business take a look at what Charnwood has to offer. For more information visit our website www.
incharnwood.com where you will find a video message, our inward investment prospectus, links to our partners and contact details.
COMMERCIAL PROPERTY MONTHLY 2022
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