Manufacturing business set to grow thanks to deal secured by Bromwich Hardy
Leading commercial property experts Bromwich Hardy have helped a specialist manufacturing business double its presence in Warwick and take on more staff as part of a five-year growth plan.
Manufacturing consultancy FRP has signed a new lease on its regional hub at Athena Court in Athena Drive, Tachbrook Park, and has opted to take over an adjacent unit.
Warwick-based property development and investment company AC Lloyd, which owns Athena Court and has major holdings in Tachbrook Park, worked with Bromwich Hardy to secure the deals on the units which both measure 506 sq ft.
Doubling its office space means FRP, which provides full production quality components and assemblies for the automotive, aerospace and medical sectors, is recruiting additional staff within its project management, quality, and logistics departments to continue growing their team in Warwick.
The additional space means the business is adding same day inspection and shipping to its rapidly manufactured components and assemblies which are supplied to customers on a local and global basis.
Bromwich Hardy partner Michelle Mills said the deal reflected the quality of the accommodation at Tachbrook Park and its excellent location.
“The agreement with FRP to take over the new unit was completed in just a matter of days and we are delighted to have been able to play a part in furthering their ambitions to grow.”
Nick Osborn, Managing Director at FRP, which has its head office in Cambridgeshire, said this move was a key part of its five-year growth plan.
He said: “Athena Court is an ideal location for us since Tachbrook Park is central to automotive development and innovation in the wider Midlands area.
“We can be on-site with any of our local customers within a matter of minutes which is a critical part of our service to supply ‘Quality at Speed’ within highly regulated markets such as the automotive, aerospace and medical sectors.
“Our Full Service Rapid Manufacturing process continues to deliver significant commercial advantage for our customers and this expansion is a key part of that service.”
Tony Hargreave, Property Asset Manager at AC Lloyd, said Tachbrook Park remained an extremely popular location for businesses in a wide variety of sectors.
He said: “It is great news that FRP is expanding at Athena Court. Within a week of the previous tenant moving out, we had agreed terms for FRP to expand into Unit 23.
“A number of renewals have taken place recently with other tenants, which is a sign perhaps of the continuing strength of demand for space in Leamington Spa and Warwick.”
10 September 2019