Manufacturer expands into new Leicester HQ
Commercial Property Partners (CPP) has brokered a deal on a 42,498 sq ft warehouse on a Leicester business park.
CPP secured the tenancy agreement at Centurion Way, Meridian Business Park with Ridgway Machines, a Leicester-based engineering company which needed extra space after winning new contracts.
Ridgway is a leading manufacturer of precision taping and winding machines, with over 95 years engineering experience. Its machines are widely used for manufacturing electrical coils, cable and conductors and to manufacture Reinforced Thermoplastic Pipe (RTP) for oil and gas pipelines.
Stephen Hunt, CEO of Ridgway Machines said: “The business has seen a sudden expansion following new contracts, and further recruitment as a result.
“Meridian Business Park provides the ideal new location for Ridgway Machines, allowing us to expand within our heartland and continue to provide best in class service for our valued customers”
Stuart Waite, director at CPP, said: “We are delighted to have leased this building at Centurion Way to a well-established, reputable manufacturing business.
“Ridgway’s long-term commitment to the site represents a positive outcome for my client, and indeed the local economy.
“The facilities offered will support Ridgway’s growth over the next few years and we wish them all the best .”
CPP and Avison Young acted as joint agents on the instruction.