190 jobs set to be moved as factory site put up for sale
A factory site in Shrewbury has hit the market for almost £9m with around 190 jobs set to be relocated when the site closes this summer.
Stadco (the Shrewsbury Tool and Die Company), which supplies aluminium and steel castings for car parts, announced last July it was relocating operations to its Telford, Castle Bromwich and Powys facilities.
The 18.66-acre site on Battlefield Business Park in Harlescott is now being sold for £8.65m and it is understood staff based there will be offered jobs at the company’s other facilities.
Halls commercial is marketing the site.
James Evans, head of Halls Commercial, said the disposal offered the prospect of acquiring a “unique substantial commercial site/industrial complex”.
The property could be bought as a whole for £8.65m or as two sites, £6.7m for site A and £1.95m for site B.
Evans said: “Site A covers an area of 14.6 acres and comprises of the main Stadco complex, providing a range of commercial buildings including the main manufacturing buildings and covered loading bays.
“A variety of cranes within the buildings will be included in the sale and also boasts an extensive external storage area.
“Site B consists of a variety of buildings providing administrative offices, stores and a detached garage, covering an area of about four acres,” Mr Evans added.
“The transport links, including the national motorway network, are excellent from the site.
“This is a unique opportunity for a company relocation or for property investors/speculators to take advantage of an established commercial complex in Shrewsbury.”
Evans said it would lend itself to a variety of commercial and alternative uses including car dealerships, particularly on the site fronting onto Harlescott Lane, subject to statutory consents.
Stadco, which can trace its roots back to the early 19th century, was acquired by global automotive supplier Magna International in 2015.
Stadco makes pressed sheet metal parts for a number of car manufacturing giants such as Jaguar Land Rover.