Developer completes £9m commercial scheme with deal for 26,000 sq ft unit
The latest phase of a £9m development is now full after a Warwickshire property company agreed the final pre-sale to an expanding fabric company.
Following the pre-sale of a 38,555 sq ft office and manufacturing facility to Ilecsys last summer, AC Lloyd has now sold purpose-built 26,000 sq ft premises in Kites Park, Princes Risborough to Curtains & Linens.
The company, which is currently based in Woodham, near Aylesbury, is due to move into its new home in June once the work is completed by Coventry-based Deeley Construction.
Mark Edwards, a director at AC Lloyd Holdings, said: “Kites Park has proved popular with a variety of businesses across different sectors, in view of its location and our ability to offer freehold design and build packages.
“Curtains & Linens is moving to their new home in a prime location which will mean the company can continue to process its orders for its existing customers as well as enabling them to expand their product range.
“As part of this last phase of a three-phase scheme, we have a single building of 5,015 sq ft which, whilst we are building speculatively, we have under offer at asking terms.”
Demand for Kites Park, which was acquired by AC Lloyd in July 2015, has been strong, hence the short development timetable.
Martin Gallagher, managing director of Deeley Construction added: “Creating this kind of development requires partnership between several companies and our skills and experience make us a perfect fit for this scheme.”
Sanjeev Singh Sidhu, managing director at Curtains & Linens, said: “When online shopping really took off, the business grew further and we moved into bigger premises.
“We have got to the point of saturation where we can only hold a certain amount of products and we want to take the next step and grow the business again. We want to have more product lines to expand our product range.
“This is a new location for us which is in a pleasant, peaceful area rather than a big industrial estate within a large city or town which we prefer.”
Pictured are: Steve Turner (Deeley Construction), Adam Clegg (AC Lloyd), Sanjeev Singh Sidhu (Curtains & Linens) and Will Winterson (Minns-Network Developments).
