Manufacturer relocates headquarters out of South Yorkshire
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Genuit Group, the sustainable water and climate management solutions business, formerly known as Polypipe, is moving its headquarters out of South Yorkshire.
The Business Masters award winning company has taken a ten year lease on 11,750 sq ft at 4 Victoria Place in the South Bank district of Leeds city centre, which is owned by Medical Protection Society (MPS).
The move was described by the company’s chief executive officer, Martin Payne as being designed to enable “colleagues on site in Doncaster to continue to expand”.
He explained: “The recent growth in our Doncaster based Polypipe Building Products business, and also the expansion of the Genuit Group’s Residential Division with the recent acquisition of Adey, has meant that the office space occupied by the Genuit Group head office team in Doncaster is more appropriately used by the local business.”
Adding that the business was “delighted to be moving our corporate office team to our new headquarters in Leeds, retaining our strong links with Yorkshire” and that it would to invest in its businesses around the UK and abroad to support growth and expansion.
Rob Hemson, executive director, finance at MPS, said: “MPS holds property assets on behalf of our members and we have full management of all three freeholds in this attractive, gated office development located along the Leeds South Bank. We are delighted to see Genuit become the new tenants at No.4, a space with great potential in an ideal location in the city.”
Sanderson Weatherall acted on behalf of landlord MPS and Howell Brooks acted on behalf of Genuit. LSH and Sanderson Weatherall are joint leasing agents for MPS.
Richard Dunn, office agent at Sanderson Weatherall, who marketed the property commented: “4 Victoria place is a fantastic self-contained office building, providing Genuit with Grade A space in a thriving area of the city. We are pleased to have secured this deal for MPS.”