Warwickshire Property & Development Group (WPDG) has completed the sale of Sucham Park, a fully-let 42,200 sq ft industrial scheme in Southam.
Sucham Park comprises of nine units ranging from 1,900 to 15,000 sq ft and was WPDG’s first direct-delivery commercial scheme.
WPDG will build on the sale through further investment bringing forward two new schemes in Warwickshire, which will deliver further high-quality space for growing businesses across the county.
Greville Business Park, located between Leamington and Warwick, will provide 28,000 sq ft of commercial space across 11 units while WPDG has also submitted plans for a 21,350 sq ft scheme on the site of the former Bloxham Centre in Rugby.
Sucham Park brought a long-unused development site at Holywell Business Park back into use and all nine of the units were let within 12 months of construction being completed.
It is now home to six businesses and supports around 100 jobs, with the energy efficient scheme featuring solar panels, 10 electric vehicle charging points and achieving an EPC A rating.
Businesses based at Sucham Park include Green Tech Industries Ltd, which recycles and repurposes batteries and motors from electric vehicles, and Leamington Spa-based RMF Installation and Services, the world’s largest supplier and installer of reclaimed raised floor systems.
It is also home to leading global supplier of fasteners and metal engineered components Auto Fasteners Ltd.
The development was built to provide space for SMEs to grow and develop in Southam. For example, Green Tech Industries has seen significant growth, creating 11 jobs and expanding into additional office space.
The sale was marked during a visit to Sucham Park by Councillor James Crocker, Deputy Leader and Portfolio Holder for Finance and Property at Warwickshire County Council, and Councillor Andy Crump, who represents Southam, Stockton and Napton on Warwickshire County Council.
Cllr James Crocker, Deputy Leader and Portfolio Holder for Finance and Property said: “Sucham Park demonstrates how the Council, through WPDG, can use its assets and investment to support economic growth across Warwickshire. The sale of the scheme marks another successful milestone and will allow further investment in new commercial developments that will create even more opportunities for businesses and communities across the county.”
WPDG was formed by Warwickshire County Council to realise the potential of its development sites, commercial buildings and mineral rights.
Stuart Buckley, Managing Director of Warwickshire Property & Development Group, added: “Sucham Park was our first commercial development and it is a great example of what we were formed to do.
“This was an unused development site which has been transformed into high-quality space that has created jobs and given SME businesses the space to thrive in Warwickshire.
“Our challenge now is to build on this success and create more opportunities for businesses, jobs and investment across Warwickshire. The sale will enable us to do this and invest in bringing forward our next commercial schemes.”
Cllr Andy Crump, County Councillor for Southam, Stockton and Napton said: “It is fantastic to see how successful Sucham Park has become since it was developed. The scheme has provided much-needed space for businesses to establish themselves and expand in Southam and the development has made a positive contribution to the local economy through investment and job creation.”
Avison Young advised WPDG on the sale.
PICTURE CAPTION: Rob Andrews (WPDG), Cllr Andy Crump, Cllr James Crocker and Luca Scimeca (Avison Young).
