Properties on Warwick’s newest business park have all been sold, a solid sign that demand for commercial property in the region is on the up.
All 11 units on the £3 million St George’s Business Park in Lower Cape, Warwick, have gone to owner-occupiers and investors.
Simon Hain, a director of Leamington-based property consultants ehB Commercial, who marketed the site, said: “The success of the business park shows that the local economy is very much back on track.”
The units on the 4.4 acre site range in size from 1,750 sq. ft. to 7,500 sq. ft. and the last one has been snapped up by Avon Signs, an award-winning company designing, manufacturing, installing and maintaining internal and external signs across the UK, which has relocated from the Heathcote Industrial Estate.
“This is good news for the area, not only for new jobs but a sure sign that the local economy has recovered,” said Mr Hain.
Companies that have moved in include Newbury Commercial Glazing, Walter Ewag, Pearl Motor Yachts and TDR Racing (Subaru specialists).
The business park is situated on the site of the former Benford dumper truck factory, which was acquired by Kigass more than twelve years ago. Kigass managing director Joanne Smith said: “The plan had always been to regenerate the site and create new business and job creation opportunities. I am delighted to see how well the scheme has been received and how much better the area looks.”