An international electrical wholesaler has taken leases on two new warehouse units in Leicestershire after outgrowing its previous premises, in deals overseen by Mather Jamie.
The commercial agent has secured City Electrical Factors Ltd (CEF) as the new tenant for a 5,024 sq ft unit at 9 Beazer Court, Loughborough, at £22,500 per annum and a 4,055 sq ft unit at Unit C, Thornborough Road in Coalville, at £23,000 per annum.
The move has been powered by an increase in sales, which has led to the electrical company outgrowing its former premises on Monarch Way in Loughborough and Old Station Close in Coalville.
Alex Reid, Mather Jamie Director, comments: “We acted on behalf of the landlords in both instances, securing new tenants for both in good time.
“The units are both located in prominent locations in Loughborough and Coalville, amongst other well-established businesses.
“Both are modern industrial units maintained to a good standard and the new sites offer easy access to the M1.”
CEF operates a network of 400 trade counter distribution outlets across the UK, and also have branches in continental Europe, The USA, Canada, the Middle East and Australia.
Adam Checkley, of Checkley & Co Chartered Surveryors, who acted on behalf of the tenant, comments: “CEF was keen to find larger units that would allow it to carry a wider range of stock and offer a higher profile in both Loughborough and Coalville.
“The company had been located in its previous premises for a long time and had outgrown its existing space, but will now have the opportunity to expand its operation.
“The new units benefit from a prominent location and ample car parking space, which will help to attract new clients and improve the service offered to existing customers.
“It is hoped that this move will lead to the creation of new jobs in the future.”
