MSS Lasers is the latest high profile business to relocate to a new headquarters at Prospect Park, Cedar House Investments’ successful industrial warehousing scheme in Rugby.
The company, which is made up of a team of experienced and highly qualified engineers with unrivalled knowledge of both the laser and gas generation industry, has purchased 4,500 ft2 unit within the second phase of Prospect Park as part of its on-going expansion.
The purchase represents the next phase in the development of the business, which was formed in 2003. The company recently relocated from its premises within Somers Road Industrial Estate in Rugby to Central and has now purchased further space at Prospect Park to accommodate growth.
Prospect Park is located within Swift Valley, Rugby’s prime industrial and distribution employment area and is strategically located close to the A426, with excellent access to the ‘golden triangle’ of the M1, M6 and M69.
The scheme was developed in two phases, ranging in size from 3,821 ft2 – 4,999 ft2. Despite the current downturn, the scheme has proven extremely popular and is now fully occupied with this deal representing the final sale.
Commenting on their relocation, Carlos Gonzalez Lee, managing director of MSS Lasers, said:
"The high specification of the development, coupled with its proximity to the main motorway interchanges made Prospect Park ideal for the next stage of our development.
"We were keen to expand the business within Rugby and Prospect Park is in close proximity to our main new headquarters, added Carlos.
Chris Carlisle, managing director of Cedar House Investments, added:
"Over the past two years, we have made a strategic decision to develop a portfolio of similar sized schemes at key locations across the Midlands, which are designed to meet modern business requirements and provide a mix of office, industrial/warehousing and retail uses.
"Due to its strategic location, Rugby is dominated by large sites, which tend to be targeted at national operators. Prospect Park is unique because it offers local operators the opportunity to rent or buy high quality accommodation that is designed to suit their specific needs, whilst still taking advantage of the site's excellent location.
"I am delighted with the success of the scheme, especially in light of the market conditions and I am pleased to announce that the scheme is now fully occupied," added Chris.
With a portfolio totalling more than £75 million, Cedar House Investments is one of the region’s most progressive developers.
The company recently won the title of Commercial Developer of the Year at the East Midlands Property Dinner.
Development work is also underway at schemes in Ashby, Northampton, Tamworth, Corby and Stoke-on-Trent. The company is also transforming the five hectare former Bombardier bogie works on Pride Park in Derby in a £50 million mixed use development.
Joint agents for the scheme are Lambert Smith Hampton, Bidwells and North Rae Sanders.
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