Premier Group, represented by international real estate advisor Savills, has secured a 112,386 sq ft warehouse at Bayton Road, Coventry – it’s second warehouse at the address.
Premier, a world leader in prototypes for the automotive, aerospace and rail sectors, already has a 100,000 sq ft warehouse at Bayton Road.
It has agreed a new 15-year lease for the property, which landlord Revelan is currently refurbishing.
Denis Meagher, group chairman of the Premier Group, said: “It is extremely difficult to acquire manufacturing facilities in the Midlands and we are therefore delighted with this exciting expansion to our existing facilities. The partnership between Savills and the Premier Group has enabled us to develop our future manufacturing facilities and we can look forward to working with them again in the future.”
Christian Smith, industrial director at Savills Birmingham, comments: “This demonstrates the continuing belief in Coventry as a technology and manufacturing location. The deal was completed off market, as competition for the limited supply of available industrial space in the area is very high.”