Stoford sells first speculative shed at Vale Park

A Stoford product story

Edited by the Buildingtalk editorial team Aug 5, 2010

Midland developer Stoford, along with La Salle Investment Management have completed the first freehold sale of a speculative warehouse unit at Vale Park West in Evesham.

Matcon, which produces powder handling systems for process companies worldwide, has bought the 30,000 sq ft unit as its new headquarters and assembly plant.

The company will be converting 12,000 sq ft of the high-specification facility to additional offices to enable its 86 UK staff previously occupying two sites in Moreton-in-Marsh and Blockley that are to be closed, to work under one roof.

The unit comes with a self contained yard and car park area, and will give Matcon an additional 25 per cent of office and warehouse space to help meet the 30-year-old company's expansion plans.

Flooring specialist Karndean International became the first occupant at Vale Park West after agreeing a pre-let on a 75,000 sq ft unit.

Stoford is now receiving considerable interest in two other units of 24,500 and 18,000 sq ft.

Vale Park West, which enjoys direct access off the A46 Evesham bypass and is just ten miles from Junction 5 of the M5, has outline planning consent for production, warehouse and office buildings available on a freehold or leasehold basis.