Bespoke 100,000 sq ft warehouse for expanding sofa manufacturer

Superb new accommodation on J28 of M1 allows company to maximise potential

16 December 2015

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Acting for Sofa Brands International, Cooke & Arkwright has negotiated the leasing of a bespoke-build 100,000 sq ft industrial premises in Castlewood Business Park, Sutton in Ashfield, Derbyshire on a 20 year lease. The new purpose-design unit, on J28 of the M1 in the East Midlands, provides accommodation for the company’s Parker Knoll brand to expand its fast-growing manufacturing base as well as new office and storage facilities.

Director Jeremy Symons, who negotiated the deal on behalf of Sofa Brands International comments, “Parker Knoll had been on the Amber Industrial Estate, Riddings for over 30 years. With the leases coming to an end and an imminent rebranding, there was a desire to have a building befitting their quality product. Cooke & Arkwright was instructed two-and-a-half years ago to identify alternative premises to relocate to, preferably within short distance of their existing facility in order to retain the workforce.

“After a number of false starts it was thought the best option was to have a brand new building in the preferred location of Castlewood Business Park. Occupiers at the business park, which was developed by Clowes Developments, include Cooperative Food, Midland Aerospace, Bombadier, Meridian and UDG.

“We negotiated a leasing package with Clowes for 20 years, to provide the ideal building for Parker Knoll, which includes numerous tailgate loading doors, superb office facilities, excellent circulation space and good headroom. The building plot selected also provides significant frontage onto the A38 allowing Parker Knoll to fully exploit its position and maximise brand awareness.

“The building project has taken 12 months and practical completion took place on 1 December 2015. Our clients are in the process of fitting out the building with every expectation of reaching full production by the end of January 2016. The new building will provide Parker Knoll with the premises that complement their brand whilst also permitting expansion of their soft furnishings production.”

The disposal of 120,000 square feet on the Heads of the Valleys Industrial Estate was a particularly satisfying task. The building had been rebuilt following fire damage, and Jeremy Symons and his team were successful in identifying a nearby purchaser looking to expand. The sale price, at £4,000,000, represented a record sale price for a property of this nature in the area, and with great tenacity and endeavour was completed in a timely fashion. An excellent result.

Richard Hayward, Richard Hayward Properties