Coventry’s economic strength and diversity has been underlined by major success at an industrial estate in the city.
All the units – totalling circa 30,000 sq ft – have been fully let at Abbey Industrial Estate in the Wyken/Walsgrave area of the city following a string of expansions from companies based on the site as well as attracting in new occupiers.
The success has been achieved by commercial property agents D&P Holt jointly with CBRE, who handle the lettings on the industrial estate on behalf of an investment pension fund.
Sign Shoppe Ltd, a road haulage firm, and KR Saws Ltd, a circular saw supplier, have both expanded their operations on the estate while the West Midlands Ambulance Service, Link Mailing and Ryona Engineering Supplies Ltd have all recently moved in.
Rupert Gillitt, of D&P Holt, said: “There are some great stats out there about Coventry’s economy. It is growing and, according to the Coventry and Warwickshire Chamber of Commerce’s latest survey it looks set to continue that way for some time.
“What’s great about the success at Abbey Industrial Estate is that it is a real-life story that backs up those hard facts and there’s now a diverse range of businesses and operations on the industrials estate.
“Coventry is, of course, renowned for its automotive and engineering history and while that sector thrives, this underlines the diversity in the economy.
“What is becoming increasingly clear is that more industrial stock is required to ensure that businesses in the city can grow and, also, that we can continue to attract investors and companies from outside of the area into Coventry.”