Shire Leasing Moves in to Calico Business Park

16th March 2009

Despite the recent economic downturn, leading regional developer Cedar House Investments has sold another unit at Calico Business Park, its five and a half acre mixed-use development in Tamworth.

Shire Leasing, a lease finance company that provides capital equipment for a wide range of businesses, has purchased a 18,000 sq ft office facility within the Business Park. This follows the merger of the company’s existing operations in Tamworth.

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.

Since it was launched in 2007, the mixed-use scheme, which consists of both offices and modern warehouse and industrial space, has attracted several high profile operators, including house builders Harron Homes and Bloor Homes.

Commenting on the purchase, John Worton, CEO of Shire Leasing, said:

“Calico Business Park is the ideal location for our new base and has allowed us to merge our existing operations in Tamworth. The high specification of the buildings within the scheme, coupled with its proximity to all major road links, has enabled us to provide of a more efficient service to our customers.”

Chris Carlisle, managing director of Cedar House Investments added:

“We are delighted to welcome Shire Leasing to Calico Business Park, which is one of our most popular schemes to date.

“Over the years, our reputation has been built on our ability to identify superior development opportunities and deliver striking, sustainable schemes.  Calico Business Park continues this trend and offers operators the chance to rent or buy a range of high quality accommodation in an unrivalled location in Tamworth,” added Chris.

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 throughout the Midlands; in Ashby, Northampton, Rugby, 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.

Retained agents for the scheme are Calders and North Rae Sanders.

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