Hortons has let a new 20,500 sq ft industrial/warehouse unit at Electrium Point in Willenhall to Accura Engineering.
The engineering company has signed a 10-year lease on Unit 7 at the development, which is located near junction 10 of the M6.
The building is EPC A rated and contains photovoltaic roof panels and EV charging provision. It is one of two new high specification units that have been developed by Hortons at the Black Country estate, with the other pre-let to manufacturer NDB Engineering.
Sophie Hallett-Jones, managing director of Accura, said: “Accura are delighted to have secured the new premises at Electrium Point which allows us to create our centre of excellence for production machining, and supports our growth in high-value industries such as aerospace and energy. With 40% growth in employees over the last 18 months, we are a leading employer in the West Midlands and this new facility will allow us to continue to attract and retain the best talent.”
Jeremy Boothroyd, from Hortons, added: “We’re very pleased to have let the final remaining unit at Electrium Point to a local and ambitious engineering firm. The letting of both new speculative developments demonstrates the regional demand for units of this size and quality, which deliver significantly lower running costs when compared to a traditional space. It is also testament to Hortons’ investment strategy of enhancing its existing property portfolio, through a combination of high-quality new build and refurbishment opportunities.”
Kenny Allan, head of industrial at KWB, joint agent at Electrium Point with Bulleys, said: “The creation of this best-in-class space, and successful letting close to practical completion, has proven the need for new high quality buildings in Black Country. Many companies are looking for premises befitting their operation and I’m proud to have been involved in the Electrium Point development to help satisfy this need. I wish Accura all the best in their new building.”
Lewis Giles, senior surveyor at Bulleys, added: “This latest phase of development at Electrium Point has proved hugely successful with both units being let in quick succession. Hortons has developed an excellent product which has attracted two quality manufacturing occupiers. There continues to be a shortage of quality industrial space in the Black Country where innovative businesses like these can grow into. We are grateful to Hortons for continuing to invest and develop in the area and we look forward to seeing more schemes like this come forward with them in the future.”
Wiggins Lockett Thompson acted on behalf of Accura on the letting.
