Gtech hoovers up 30,000 sq ft property deal
INNOVATIVE manufacturer Gtech which sells domestic appliances has bought itself a new home in Worcester.
The company has sold more than 22m appliances in 19 countries, having made its name producing cordless vacuums its range now includes garden equipment and electric bicycles.
Gtech has bought the 30,268 sq ft former Coomber Electronic Equipment HQ on Shire Business Park.
Nick Grey, founder of Gtech, said: “Worcester is our home and we always wanted to stay here, but there is such a dearth of high quality industrial units in the 20,000-50,000 sq ft range with good motorway access, that we feared we might have to look further afield.
“This building provides an ideal solution as it allows us to remain in Worcester and retain all staff, which is vital for our continued growth strategy.”
The building on Shire Business Park was built eight years ago, just off junction 6 of the M5, and includes high specification offices and a large loading yard with dock level access.
The £66m-turnover company recorded pre-tax profits of £13.9m in its unpublished accounts for the year to November 2015.
Mr Grey left Vax in 2001 to create his own lightweight cordless vacuum cleaner to rival established brands Dyson and Hoover, initially based in his own home and funded by his savings
Halls Commercial were the property agents on the deal.