A leading Midlands commercial property company has helped with a long-standing tenant’s latest expansion by finding them a second home in a newly-acquired unit in Nuneaton.
The Wigley Group has invested just under £1.8 million in a 40,000 sq ft unit at the rear of Centrovell Trading Estate which it already owns, and has now let it to KB Transport Solutions to accommodate the growth of its warehousing and distribution services.
The opening of an additional unit comes in the 10th year of KB Transport Solutions whose main site at Sandy Lane Industrial Estate in Coventry is also owned by The Wigley Group.
The company specialises in pallet distribution, warehouse storage, logistics and transport services in the West Midlands and throughout the UK.
James Davies, managing director of Warwickshire-based Wigley Group, said: “This unit was a natural addition to our portfolio as we already own Centrovell Trading Estate, a site we acquired in 2016.
“We completed the deal in March just prior to the Coronavirus lockdown and have since negotiated a long-term lease with KB Transport Solutions. It is a positive sign for the local economy that deals of this nature are still being done in this unprecedented time.
“KB Transport Solutions were already our largest tenant in terms of space occupied and having facilitated their expansion at Sandy Lane Industrial Estate in 2017, we are now delighted to be providing them with this additional unit for further growth.”
The location of Centrovell Trading Estate, which is close to the heart of the region’s transport network, makes it an attractive site. It is home to Britannia Tyres, Freeman and Proctor, and Caterers Supplies, and two adjacent units of 6,000 sq ft and 15,000 sq ft have just become available.
Alan Mohomed, finance director at KB Transport Solutions, said: “We recently secured several major contracts which meant that we needed more space to increase capacity and maintain our high levels of service to both new and existing customers.
“The Wigley Group has always supported us as we have grown as a business. The acquisition of this unit came at the perfect time and they have helped us with a smooth and efficient opening.
“We currently employ 52 people and this expansion will open up new job opportunities as we look to step up our operations further off the back of the 10th anniversary we celebrated in May.”
Manchester-based Zaman Roberts acted as agent for The Wigley Group in the acquisition of the unit.