Another unit sold at Budbrooke Point

A MAJOR refurbishment programme at Warwick business park Budbrooke Point has attracted a second new business to invest in the town.

Chase Commercial, based in Stratford, has sold an industrial unit to Warwick firm Motion Drives and Controls, a distributor and integrator of drives and transmission equipment into the engineering industry.

The company, which is celebrating its 21st anniversary, has opted to invest in a 7,000 sq ft freehold unit after renting elsewhere on the estate, which is home to around 50 businesses.

The sale to Motion Drives and Controls comes hot on the heels of the decision by Pinnacle Design – a design, engineering and manufacturing company – to locate its design centre and headquarters in a 7,241 unit at Budbrooke Point.

Becky Yates, from Chase Commercial, said: “We realised that there was a need for well-presented units of this size in this area. Budbrooke is well located, both in terms of the national road network and also for in terms of the industrial landscape more locally.

“The majority of interest has come from firms wanting to invest long term in the area and to purchase their own headquarters.

“I think that bodes very well for the local economy. These have been, at best, uncertain times but Motion Drives and Controls have had the confidence in the market and faith in its own future to purchase units.

“Budbrooke has long been a home to a range of companies in many different sectors and a consistent source of local employment. This deal just adds to that.”

The sale means there are now only three units remaining on the business park.

Budbrooke Point is being marketed by Wareing & Co, Bromwich and BNP Paribas Real Estate.