Clowes Developments sells prominent Castlewood Gateway facility
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Clowes Developments has sold a prominent facility at Castelwood Gateway for an undisclosed sum.
Plot 5 at Castlewood Business Park has been sold to ConSpare and sister company ProSpare.
Ashfield District Council gave the green light for a 19,438sq ft single story industrial warehouse unit with two storey offices earlier this year which allowed Clowes Developments to press on with the construction of the standalone facility at the entrance of the park, which has already seen 1,500,000sq ft of industrial space built and occupied.
ConSpare was established in 1978 and is a leading supplier of spare parts and process improvement solutions to the UK concrete producing industry.
ProSpare was founded in 2007 and serves an array of companies handling and processing powders or bulk raw materials, with clients in sectors such as quarrying, recycling, glass and food manufacturing.
Forty employees will be moving to the new facility which allow for expansion in staff numbers in the future. Both businesses are stocking distributors, the additional warehouse space, which is 400% bigger than their previous premises in Pinxton, will allow the businesses to improve the efficiency of warehousing operations.
James Bullock, managing director, ConSpare and ProSpare, said: “The location is ideal, and the chance to plan the building ‘from the ground up’ will allow us to implement many improvements to the businesses going forward. The building also provides a great environment for our employees to work within and to hold meetings with our customers. Castlewood reinforces our drive to ‘Make it better.’
“The move to Castlewood will form the cornerstone of our relentless drive to improve our process improvement and spare parts support services. It will provide the perfect platform to continue to grow both businesses and futureproof our operations for the next 40 years. We anticipate moving into the building in Spring 2022.”
Roe Developments was awarded the construction contract for the delivery of the facility.
Castlewood sits at the heart of a major centre for manufacturing and logistics located off junction 28 of the M1. The business park is home to the 480,000sq ft Co-Op distribution centre and Parker Knoll’s 100,000sq ft manufacturing and distribution facility.
Agent Christian Smith at Savills acted on behalf of Clowes Developments.
He said: “It is great to see another plot at the hugely successful Castlewood Business Park be snapped up by ConSpare and ProSpare. They will be a welcomed addition to the ever-growing list of occupiers at the popular logistics hub and we look forward to seeing their business go from strength to strength in their new premises.”