Pictured above: (l-r) Sam Sutton, senior surveyor at North Rae Sanders, Steve Kirk, managing director of KOMET (UK) Ltd and Chris Carlisle, managing director of Cedar House Investments

Leading regional developer Cedar House Investments has announced the sale of another unit at Calico Business Park, its 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 let unit four of Hamel House to international precision tooling company, KOMET (UK) Ltd.

KOMET® is one of the worldwide leaders in the technology of bore machining. The internationally ¬operating company develops, manufactures and supplies precision tools and the appropriate programme of holders for economical solid drilling, rough and fine boring, milling and turning.

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.

Only one unit now remains, all of which are available for sale or rent. Agents for the scheme are Calders, Kingston and NRS Property.

Commenting on the letting, Steve Kirk, managing director of KOMET (UK) Ltd, said:

"Calico Business Park is the ideal location for our new base. The high specification of the buildings within the scheme, coupled with its proximity to all major road links, has enabled us to provide a more efficient service to our customers."

Chris Carlisle, managing director of Cedar House Investments added:

"Despite the current economic climate, high quality schemes, such as Calico Business Park will always have appeal and we are delighted to welcome KOMET to the development."

Sam Sutton, senior surveyor at North Rae Sanders 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.