Pictured above: Graham Jones from Calders and Chris
Carlisle, managing director of Cedar House Investments
Despite the recent economic downturn, leading regional developer
Cedar House Investments has sold another unit at Calico Business
Park, its five and a half acre mixed-use development in
Tamworth.
The company, which recently scooped the title of Property
Company of the Year at the regional Estates Gazette Awards, has
sold unit three of Hamel House to local insolvency practitioners,
Arrans Limited.
Arrans are relocating from their existing premises within
Tamworth Executive Business Centre of Silver Street.
Agents for the sale of the 1,860 sq ft office facility were
Tamworth-based Calders Chartered Surveyors.
Calico Business Park occupies an excellent location on the
outskirts of Tamworth at the heart of the motorway network, just
two miles from both junction 10 of the M42 and A5 interchange and
the town centre.
The mixed-use scheme consists both offices and modern warehouse
and industrial space designed to meet modern business requirements.
Only three units now remain, all of which are available for sale or
rent.
Commenting on the sale, Chris Carlisle, managing director of
Cedar House Investments said: "Calico Business Park provides
opportunities for indigenous growth within the area, as well as
attracting inward investment from businesses further a field who
are looking to relocate to Tamworth and we are delighted to welcome
Arrans to the development."
Graham Jones from Calders added: "The high specification of
Cedar House's new scheme, coupled with its proximity to all major
road links, has made Calico Business Park the ideal location for
businesses to relocate to."
With a portfolio totalling more than £75 million, Cedar
House Investments is one of the region's most progressive
developers.
Despite the current economic climate, development work is
continuing at schemes in Ashby, Northampton, Corby and
Stoke-on-Trent, together with the 35 acre former Nestlé site
in Ashbourne Derbyshire. The company is also transforming the five
hectare former Bombardier bogie works on Pride Park in Derby in a
£50 million mixed-use development.