Construction News
18/12/2019
Park 32 Unit Changes Hands In £1.3m Deal
A deal has been struck which will see a new engineering business move into manufacturing space at Pontefract's 150,000 sq ft industrial development, Park 32.
Built by Marshall Construction, the £15 million speculative development comprises four purpose-built units ranging from 12,000 sq ft up to 82,500 sq ft to suit a variety of occupiers for distribution, manufacturing and storage.
Specialist Tooling Technologies Ltd has acquired a 12,000 sq ft unit at the site from Gregory Property Group for £1.3 million. The established firm provides engineering services ranging from special purpose machines and equipment or CNC machining to gauges and measuring equipment. It is to relocate from smaller rented premises is Castleford to enable enterprise expansion.
Craig Wigglesworth, Director at Specialist Tooling Technologies, said: "Having started our business in a much smaller, rented unit in Castleford, we are really pleased at how quickly our business has grown and that we are now in position to be able to invest in our own long-term premises at Park 32.
"This new unit will double the area that we currently have and will enable us to invest in further machinery including a Haas VF-9 VMC, additional Wire EDM machines, plus Water and Laser cutting machinery. This additional investment will complement our current plant and increase our ability to respond quickly to our customers' needs. The additional space also enables us to build larger Special Purpose Machinery for Automotive, Aerosol, Aerospace, Food and other industry sectors.
"We have a talented workforce with a high technical ability. Our apprenticeship scheme has been very successful, producing some exceptional engineers. It is our intention to recruit more apprentices and further develop the talent within our company."
Park 32 is located less than one mile from Junction 32 of the M62 giving immediate access to the motorway network.
(CM/MH)
Built by Marshall Construction, the £15 million speculative development comprises four purpose-built units ranging from 12,000 sq ft up to 82,500 sq ft to suit a variety of occupiers for distribution, manufacturing and storage.
Specialist Tooling Technologies Ltd has acquired a 12,000 sq ft unit at the site from Gregory Property Group for £1.3 million. The established firm provides engineering services ranging from special purpose machines and equipment or CNC machining to gauges and measuring equipment. It is to relocate from smaller rented premises is Castleford to enable enterprise expansion.
Craig Wigglesworth, Director at Specialist Tooling Technologies, said: "Having started our business in a much smaller, rented unit in Castleford, we are really pleased at how quickly our business has grown and that we are now in position to be able to invest in our own long-term premises at Park 32.
"This new unit will double the area that we currently have and will enable us to invest in further machinery including a Haas VF-9 VMC, additional Wire EDM machines, plus Water and Laser cutting machinery. This additional investment will complement our current plant and increase our ability to respond quickly to our customers' needs. The additional space also enables us to build larger Special Purpose Machinery for Automotive, Aerosol, Aerospace, Food and other industry sectors.
"We have a talented workforce with a high technical ability. Our apprenticeship scheme has been very successful, producing some exceptional engineers. It is our intention to recruit more apprentices and further develop the talent within our company."
Park 32 is located less than one mile from Junction 32 of the M62 giving immediate access to the motorway network.
(CM/MH)
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