Pictured above: (L to R) Sam Sutton, Senior Surveyor at North Rae Sanders, Jason Deardon managing director at D Radio Control and Chris Carlisle, managing director of Cedar House Investments

Despite the on-going economic downturn, leading Midlands developer Cedar House Investments has announced the lease of further office space at Charter Point its five-acre, flagship office development in Ashby.

The company, which recently scooped the title of Property Company of the Year at the regional Estates Gazette Awards, has leased number seven, Charter Point to D Radio Control.

D Radio Control has chosen the high profile business park as its first home following the company's launch in April this year. The company specialises in the design and manufacture of radio control model cars for hobbyists and model car enthusiasts. 

Charter Point   provides prestigious office facilities ranging in size from 1,500 ft2 - 50,000 ft2 and is strategically located close to the M1, M6 and A50 road links. 

The initial phases are now complete and are proving extremely popular, with only two units remaining. Both are available for sale or to let. 

Each building offers flexible, quality office accommodation with a self contained identity for each occupier and generous car parking within a landscaped environment. 

Explaining the reasons for choosing Charter Point, Jason Deardon, managing director at D Radio Control commented:

"The high quality of Cedar House Investment's Charter Point scheme, coupled with its proximity to the major motorway interchanges, made it the ideal location for our new business.

Chris Carlisle, managing director of Cedar House, added: "Charter Point is becoming a commercial centre of growing importance and has already attracted high profile names including Miller Homes, Bloor Homes, TNT and Progress Accountants.

"Charter Point provides a unique opportunity for any companies looking to buy or rent high quality, purpose-designed office accommodation and continues to attract considerable interest from established local companies who are keen to take advantage of the scheme's excellent location and from businesses outside the area looking to relocate to Ashby," added Chris.

With a portfolio totalling more than £75 million, Cedar House Investments is one of the Midlands' most progressive developers.

Despite the current economic climate, lettings and sales continue 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.