Business park secures first tenant as manufacturer agrees £13m HQ deal
A business manufacturing products for the healthcare industry has been named as the first tenant of the £120m Worcester Six business park.
Kimal, which currently has a manufacturing facility in Bromsgrove and a distribution hub in Droitwich, has agreed a 15-year lease with Stoford Developments for the £13m unit.
The 140,000 sq ft unit will serve as Kimal’s new headquarters.
A planning application will be submitted to Worcestershire County Council shortly. If consent is granted then construction could start in October with practical completion expected in mid-2018.
Kimal was keen to stay in Worcestershire so it could retain staff and continue with its expansion programme. The strategy will lead to the creation of an additional 100 jobs.
The company, which last year generated turnover of approximately £45m, with 60% of this generated in the UK, will relocate staff to the new site but it will continue to operate the Bromsgrove site, in addition to an operation in Uxbridge.
Kimal is investing £3m in an initial fit-out, with a further £3m investment in facilities in the pipeline.
The company was represented on the deal by real estate advisor Savills.
Worcester Six, so named because of its location off junction six of the M5, will eventually comprise 1.5 million sq ft of accommodation and create up to 5,000 jobs.
Stoford director Gerard Ludlow said: “The agreement with Kimal marks a significant milestone as it is the first pre-let occupier to be secured at the site.
“Worcester Six business park has been selected as the preferred site for Kimal’s new facility due to its excellent communications and proximity to its existing employee base. It represents a major commitment by Kimal to the Worcestershire area. The business is a key employer in a prestigious sector.”
Alan Press, CEO at Kimal, said: “The move to Worcester Six demonstrates our continued commitment to the area which we first invested into in 1990 and will help Kimal realise its’ exciting growth plans going forward.”