Laser measurement facility sold in major deal
A NEW research and development facility has been sold in a multi-million pound deal.
Redwood House, a 20,000 sq ft purpose-built property at Northminster Business Park in York, has been bought by international engineering business Renishaw.
The facility was commissioned by laser measurement company Measurement Devices (MDL), recently acquired by Renishaw.
Property company Northminster started development and planning work on spare land adjacent to MDL’s existing 6,000 sq ft headquarters at Acer House in 2010.
Northminster managing director George Burgess said: “MDL is a rapidly-expanding technical innovator and manufacturer whose growth would have been welcomed anywhere in the UK.
“This is the third building on Northminster Business Park which MDL has occupied since 2004, which has allowed them to expand their business and increase their floor space by 1,600 per cent in eight years, which is a remarkable achievement.”
MDL managing director Elaine Ball added: “We’re very pleased with what has been achieved which will support our growth plans for many years to come.”
MDL was founded in 1983 and makes laser-based measurement systems used around the world in areas including quarrying, marine positioning and air traffic control.
The company opened its first Yorkshire office at Castle Howard in 1999 and moved to 1,250 sq ft premises at Northminster Business Park in 2004 before upgrading to Acer House in 2006.