The arrival of a telecoms operator sees Hepworth Park, Redditch’s first speculative industrial complex in almost ten years, virtually complete.
All seven units are now occupied and all that is left to let is some first floor office space.
The achievement is a coup for sole agents John Truslove who carried out the marketing of the complex and secured all of the lettings.
And these have been achieved at very significant rent levels.
The final tenant is R4telecom, a leader in telecommunications technologies, which has taken 1,678 sq ft on a ten year lease at Unit 5.
It has been in operation since 2003 and provides a broad spectrum of technical and operational support and consultancy to customers in the telecoms industry. Clients include national operators, mobile network providers, international operators, police forces, utilities and system integrators.
Employing over 20 people, it has moved from Solihull.
Founder and owner Ron Edwards said: “Our warehouse was about five miles away from our offices and travelling between them was not ideal. This allows us to have warehouse, offices and a workshop under the same roof. We looked at Solihull, we looked at Coventry but there is a great choice of business units in Redditch. Things are working out nicely. It has met our needs perfectly.”
The company joins a diverse range of Hepworth Park neighbours including a farrier, beauty business and marketing agency.
On Brook Street in the popular business area of Lakeside, Hepworth Park was developed by Fox Industrial Services and sparked interest before it had even completed.
John Truslove director Ian Parker said: “It was in a good location, it was designed to be very flexible, adaptable to individual requirements, with easy access to the M42 and M5, and addressed a particular demand.
“Indeed it was a much-needed development for the town, where the lack of supply of new commercial premises has been starting to have a detrimental effect on jobs with key employers being forced to look outside the area for suitable premises.
“Hopefully the success of Hepworth Park and the rent levels achieved will encourage other developers to consider similar speculative schemes.
“There are potential occupiers out there whose needs are not being met and that has to be addressed for the good of Redditch.”