The award-winning manufacturer, Adey Innovation Limited will be the first business to move into St. Modwen Park Gloucester, marking an important step in the business park’s development. The site, delivered by property investment and development business, St. Modwen, was completed just earlier this month, bringing three new speculative units to the market in a prime business and industrial area.
The consultancy, which has its head office in Gloucester, successfully completed the acquisition by lease of Unit Two, on behalf of client Adey Innovation Limited. Bruton Knowles’ commercial property team provided lease negotiation and project management of the client fit-out work by its specialist building surveying team, to ensure a smooth transition for all parties involved.
Adey Innovation Limited’s new 44,860 sq ft unit will provide modern, high-spec office, manufacturing and distribution space just minutes from J12 of the M5. It will support the business in delivering water treatment products through the invention of advanced technology and industry leading products.
Adey was established 18 years ago and now turns over in excess of £60 million annually, having sold more than five million of its original innovation, MagnaClean filters, and a raft of associated plumbing and heating products around it.
Dorian Wragg, Head of Commercial at Bruton Knowles, Gloucester, said: “Adey Innovation Limited is a prominent business within the Gloucestershire region and an acquisition of this size and significance was highly confidential and required a high level of proficiency from our commercial property team.
“We are proud that we were able to meet Adey Innovation Limited’s requirements and deliver a seamless expert service in regard to lease negotiation and building surveying. We wish the business the best of luck in their new premises.”
ADEY’s Operations Director, Lee Carlin, says: “This is an exciting time for the business and the right time to expand and invest in our operational structure, to help manage supply and growth in the UK market and overseas.
“As a manufacturer, we’re driven to better manage our environmental footprint and impacts of our business. One of the reasons we chose St Modwen Park Gloucester was the strong sustainability credentials of the development. The new site supports many of our environmental and corporate social responsibility goals, such as switching from diesel vehicles to a hybrid fleet utilising onsite electric charging point. It’s a great platform that will be fundamental in supporting our future growth.”