Business park operator launches rebrand with £25m investment

Potter Group, the owner, developer and operator of commercial business parks across the UK, has announced a rebrand and a £25m business investment programme for the next five years.

The Ripon-based group, which was established by Derrick Potter in 1965, has been rebranded as Potter Space.

At the end of 2016, the family-owned business sold its logistics operation to WH Bowker in order to concentrate solely on its business parks in Ripon, Knowsley, Droitwich, Ely and Selby.

The current £25m investment is already having an impact with activity now well underway at each of the developments, which comprise more than 250 acres and in excess of 1.6m square feet of commercial space.

In September, the group pre-let a speculative 25,000 sq ft unit on its A1M50 Industrial and Distribution Park near Ripon, which is a 10-acre extension to the 42-acre Melmerby Industrial Estate.

Work has now begun on another speculative 25,000 sq ft unit, which is already attracting interest.

In addition, Potter Space is working with Selby District Council, following the Government’s agreement to invest £9m on new infrastructure at Olympia Park, which includes a new link road to improve the access to Potter Space’s facility.

Derrick Potter, executive chairman, said: “I had a wonderful 50 years building the Potter Group into an award-winning logistics company. However, after much deliberation, we made the strategic decision to sell the logistics operation so that we could concentrate all our efforts on developing the business parks.

“The launch of Potter Space is an exciting new chapter in the company’s history and I am looking forward to working with the new generation in helping to deliver first class commercial business parks across the country.”

Matthew Lamb, managing director of Potter Space, added: “We pride ourselves on the ability to move with the times and be flexible, as is evidenced by our transition from a logistics operator into a purely commercial property operator.

“We have always prided ourselves on developing long-term relationships and we are looking forward to working in partnership with our clients to create the right properties and environments to enable all our businesses to grow together successfully.”

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