Telecoms business moves in to ‘virtually complete’ speculative development

THE first speculative development in Redditch for a decade now has tenants in all of its seven units.
Telecoms operator R4telecom has moved its 20 staff from Solihull after agreeing a 10-year lease.
Business 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.”
Ian Parker, director at sole agents John Truslove, said he hoped the rent levels achieved “will encourage other developers to consider similar speculative schemes”. 
He added: “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.

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