St. Modwen, the UK’s leading regeneration specialist, has announced that two Worcester businesses have relocated to its 23-acre Great Western Business Park, signalling that confidence remains high for the regional business community despite the challenges of the economic climate.
Situated off Tolladine Road, half a mile from the centre of Worcester, Great Western Business Park is three miles from Junction 6 and 7 of the M5 and is within a five minute walk of Shrub Hill Station. The first phase of the Business Park comprises a total of 18 high quality industrial and storage units across a 7.2 acre site, ranging in size from 2,218 sq ft to 14,703 sq ft.
In a move that demonstrates how Worcester businesses are weathering the storm of the recession, national moving and storage company Pickfords, and lighting designer and supplier Lightsource Europe have both invested in the future of their respective businesses by upgrading to new premises. Pickfords has taken the 5,666 sq ft Unit 203 at Great Western Business Park, and Lightsource Europe has agreed a lease on the 6,756 sq ft Unit 303.
Mike Lamplough, Director Real Estate, at Pickfords, said: “Our previous base in Worcester had become less than ideal and for some time and we had been seeking to relocate to achieve greater value for money and improve the quality of our facilities. It is important for our business to be local to our customers and we took the decision to move to Great Western Business Park as it provided us with the opportunity to significantly improve the quality of our working environment, which therefore enables the team to continue to provide an efficient, first class service for Pickfords’ customers.
“The new unit has been thoughtfully designed with plenty of external space for our fleet of vehicles to manoeuvre around; and the Business Park itself provides all the benefits of a central city location, with excellent links to the wider area – all of which suit the demands of our business perfectly.”
With a diverse client portfolio ranging from boutique hotels to Dubai University, Lightsource Europe has selected Great Western Business Park as its global headquarters. James Mansfield, managing director of Lightsource Europe, said: “We have relocated our business to Great Western Business Park to accommodate the ongoing growth and expansion of our operations. We have always been a Worcester-based business; however we undertake lighting projects all over the world and therefore needed a well-located headquarters with plenty of warehouse space. Great Western Business Park met our requirements and fitted the very special nature of our business.”
With a host of existing occupiers including Storage King and Fresenius Medical Services, this latest tranche of deals at Great Western Business Park means that 50 per cent of the available space in the first phase has now been let or sold.
Julie Rossiter, senior asset manager for St. Modwen said: “These latest lettings clearly signify how Worcester businesses are responding to the challenges of the current economic climate and are continuing to invest in their enterprises by relocating to efficient, quality-led new premises within the city.
“The lettings are testament to the strong appeal of Great Western Business Park as an ideal location for thriving businesses. The feedback we have received about the Business Park suggests that the industrial and storage units suit a range of users from classic distribution and light manufacturing operations to service businesses, and the central location has been a major plus for those who rely on being within close proximity of the motorway network. Having reached the halfway mark and with 50 per cent of the units now let or sold, we are focusing on building on this recent performance at the business park as we speed towards the end of the year.”
Halls Commercial is St. Modwen’s appointed agents at Great Western Business Park.