First unit let at Vale Park West
Midlands-based developer Stoford has completed the first freehold sale of a speculative warehouse unit at Vale Park West in Evesham. The unit has been let to Matcon, which produces powder handling systems for process companies worldwide.
Management investment company La Salle assisted with the sale.
The company bought the 30,000 sq ft unit, the largest of three available on site at the 40-acre business park, to be its new headquarters and assembly plant.
It will be converting 12,000 sq ft of the facility into additional offices to provide space for its 86 staff which previously occupied two sites in Moreton-in-Marsh and Blockley.
The unit will give Matcon an additional 25 per cent office and warehouse space.
Charles Lee, managing director of Matcon, said: “Moving to Vale Park West is a very welcome milestone for us in our 30th anniversary year. The new premises and the surrounding environment will enable us to present a modern, professional world-class image to our global customers, in keeping with our overall business profile.”
Agents for Vale Park West are the Birmingham office of BNP Paribas Real Estate and the Gloucester office of Alder King.
