ST. MODWEN CELEBRATES FULL HOUSE AT TYBURN TRADING ESTATE
St. Modwen, the UK’s leading regeneration specialist is celebrating a full house at Tyburn Trading Estate, securing 100 per cent occupancy at the four acre managed industrial scheme in Erdington, Birmingham.
Ti-Tek has agreed the purchase of a 4,017 sq ft unit, adjacent to their existing accommodation, whilst Birmingham Motor Tyres Ltd has signed a lease on an additional 6,691 sq ft of space adjoining the two units they already occupy, realising expansion plans at the site.
Another existing tenant ADI has also announced expansion plans, with a move to larger premises at the estate.
Ti-Tek specialises in titanium alloys and bars and supplies raw titanium material to companies operating in a wide range of industries, including oil, gas, petro-chemical, chemical, medical, aerospace and motorsport.
The company was a supplier to the London 2012 Olympic Games, providing raw materials used to create a range of giant leaves for the 250m Stratford Shoal sculpture, which was erected outside the Stratford Centre in East London.
Birmingham Motor Tyres Ltd is one of UK’s largest wholesale and retail tyre specialists, providing a full range of high quality tyres and accessories to its clients. As part of its new lease, the company has extended into an adjacent unit and now occupies three units at the site.
Jonathan Green, development surveyor at St. Modwen, said: “Tyburn Trading Estate has always been a popular destination for businesses due to its prime position to the north east of Birmingham city centre and close proximity to Junction 5 and 6 of the M6.
“Over the last 12 months, appetite for units has increased partly on account of the confidence shown by Jaguar Land Rover that has recently acquired the two adjoining sites. This means that Tyburn Trading Estate is now totally surrounded by JLR.
Comprising 17 units, totalling 70,000 sq ft of accommodation, Tyburn Industrial Estate is a thriving location, with local occupiers including Jaguar Castle Bromwich, Dunlop, IForce and TDG all in the direct vicinity, creating a positive and complementary business environment for specialist suppliers.”
Justin Price, managing director of Ti-Tek, added: “We’re really pleased to have purchased our existing premises at Tyburn Trading Estate. The deal represents a significant investment for the company as it looks to cement its growth strategy and move forward with ambitious expansion plans.”
Gary Hickman, director and general manager of Birmingham Motor Tyres Ltd, continued: “Tyburn Trading Estates offers us a prime location from which to do business. We have been operating successfully from the site since 2004 and are delighted to be expanding into additional premises on account of business growth.”
