Evans Randall Investors has let 36,000 sq ft of R&D and manufacturing space at MIRA Technology Park (MTP) in the Midlands to Warwick Acoustics.
The UK audio technology company has signed a 10-year lease on the high-quality office and technical space in a new 72,000 sq ft unit, which is currently being built by GMI Construction with completion expected in Q4 this year. Evans Randall Investors is targeting a BREEAM Excellent and EPC A rating for the unit.
Delivery of the new unit represents the second phase of development at the 850-acre MTP site, which is being led by Evans Randall Investors in a joint venture with HORIBA MIRA, with project delivery managed by Swanvale Developments.
James Edwards, managing director of Evans Randall Investors, said: “To be able to support the continued expansion of an ambitious, world-leading, UK company such as Warwick Acoustics is great news for the Midlands. This underlines the value of MTP’s strategic location at the epicentre of the UK’s automotive and manufacturing sectors and the desirability and attractiveness of the cluster to occupiers and their business objectives.”
Mike Grant, CEO of Warwick Acoustics, added: “We have been based at MTP since 2018 and it has been a superb site for us to conduct the research, development and initial manufacturing of our products. As we enter series production, we are very proud to significantly expand our operations here. Manufacturing our product where we are based is important to us, not only for ensuring the sustainability and quality of our output, but also because UK production offers real global competitiveness from where we can challenge industry norms in this huge $8bn global market.”
Cushman & Wakefield is the letting agent for MTP.
