Division of FTSE 250 listed builders merchant signs up to Tamworth scheme

NDI, part of FTSE 250 listed Grafton Group, has taken a 10 year lease on the 14,259 sq ft Core 5 at Tamworth’s Core 42 Business Park.

The unit was developed by Hodgetts Estates in December 2020.

Grafton Group has taken the unit as part of the expansion of its existing businesses in the Midlands after announcing a strong recovery in profitability in the second half of 2020, particularly from residential repair and improvements markets across the UK.

Development director Edward Hodgetts said: “This is positive news in uncertain times and we’re pleased to welcome Grafton Group to the business park alongside existing occupiers Greencore Group and Bond International.

“Grafton Group will bring more skilled employment opportunities to the area and we’d like to take this opportunity to thank North Warwickshire Borough Council for their support for this scheme.”

With this news, the Core 42 Business Park scheme now supports in excess of 250 jobs.

To date, Hodgetts Estates has constructed and let over 305,000 sqft of new business space at Core 42 Business Park. Local occupiers to the area include Aldi, Instarmac, OCADO, Volkswagen, Sainsbury’s, Fedex, and UPS.

Agents for the scheme are JLL and MWRE.