Partner Article

Final pre-sale at Kites Park development completed

The latest phase of a successful £9 million development in Kites Park in Princes Risborough is now full after a Midlands property company agreed the final pre-sale to an expanding fabric company.

Following the pre-sale of a 38,555 sq ft office and manufacturing facility to Ilecsys last summer, AC Lloyd has sold purpose-built 26,000 sq ft premises to Curtains & Linens.

The company, which is currently based in Woodham, near Aylesbury, is due to move into their new home in June once the work is completed by Coventry-based Deeley Construction.

Sanjeev Singh Sidhu, the Managing Director at Curtains & Linens which employs nine people, said this was an exciting new era in the business’s history.

“When we first set-up the business in 2008, we had a retail shop in Hounslow but when online shopping really took off, the business grew further and we moved into bigger premises in Aylesbury,” he said.

“We have got to the point of saturation where we can only hold a certain amount of products and we want to take the next step and grow the business again. We want to have more product lines to expand our product range.

“This is a new location for us which is in a pleasant, peaceful area rather than a big industrial estate within a large city or town which we prefer.

“AC Lloyd and Minns-Network Developments, their Development Managers, have helped us every step of the way. Since we are not buying a ready-made unit, it is a little more complicated and we couldn’t have done it without them.”

Mark Edwards, a director at AC Lloyd Holdings, said: “Kites Park has proved popular with a variety of businesses across different sectors, in view of its location and our ability to offer freehold design and build packages.

“Curtains & Linens is moving to their new home in a prime location which will mean the company can continue to process its orders for its existing customers as well as enabling them to expand their product range.

“As part of this last phase of a three-phase scheme, we have a single building of 5,015 sq ft which, whilst we are building speculatively, we have under offer at asking terms.

“We have been very pleased by the demand for Kites Park which we bought in July 2015 and we will have developed out the entire scheme in under three years. It proves that there is a shortage of good industrial sites which can be delivered at costs that the SME sector can access.”

Martin Gallagher, managing director of Deeley Construction added: “We are delighted to be working with AC Lloyd in providing much-needed commercial property for growing companies.”

“Creating this kind of development requires partnership between several companies and our skills and experience make us a perfect fit for this scheme.”

This was posted in Bdaily's Members' News section by Matt Joyce .