Swan Hattersley is to house its distribution headquarters at Highbridge’s Crown Point site in Telford.
The garden furniture manufacturer has taken the whole of the newly built, 70,000 sq ft (6,500 sq m) Opal Building, located near junction 4 of the M54.
It has signed a 10-year lease at a rent of £4.50 per sq ft (£48 per sq m), with a rent review at the fifth year.
SH will consolidate a number of its existing sites in Telford into the scheme and expand the distribution arm of its business.
The site will be its only UK distribution facility.
Due to the urgency of SH’s requirement and the stamp duty regulations that came into force on 1 December, the deal was completed in just eight days.
GVA Grimley (Birmingham) and Bulleys (Telford) are letting agents for Crown Point.
References: EGi News 11/12/03
