Property deal paves the way for 100 jobs
Up to 100 jobs could be attracted to Southam in Warwickshire after a major property deal was completed.
The Wigley Group – a Warwickshire-based independent property development, investment and construction firm – has purchased the former Tichsa building on Northfield Road in the town.
The firm is looking to let the 40,000 sq ft building, and says it has already generated interest from a range of users across the region.
Leamington-based Wareing & Company is marketing the building for The Wigley Group, and has had enquires from manufacturing and engineering companies as well as logistics businesses.
Bill Wareing, of Wareing & Company, said: “The deal to purchase for The Wigley Group had not been completed before we had interest from companies looking to expand.
“There is unquestionably a shortage of buildings of this size across the region while at the same time we have a thriving economy and Southam is a good location.
“We expected to get interest from the logistics sector but we have had more than one manufacturing and engineering company expressing an interest as they are looking to expand and see this as the perfect opportunity.
“Suitable accommodation for expanding firms in that sector is not easy to come by and a lack of it can mean companies either moving from the area or not reaching their potential, so hopefully this might fit their bill.”
Wareing & Company and Bromwich Hardy are jointly marketing the property.
James Davies, of The Wigley Group, said: “We recently moved our headquarters into the Southam area and it has been brilliant for staff and for clients. We are in easy reach of Leamington, Daventry, Coventry and Banbury and there is great access to the regional motorway network.
“While we are always looking to add to our portfolio, we are very particular about our investments, but the attributes of the building allied with the advantages we have found being located in the area made this an attractive proposition – as we hope it will be for potential tenants.”
