Ward Group Investments (WGI) has launched a new industrial and industrial open storage (IOS) business.
TradeSpaces already owns and operates seven industrial and IOS sites providing 1m sq ft over 100 acres of land, and is targeting growth to 20 sites in prime locations over the next two years.
The move comes on the back of WGI’s recent acquisition of the 35-acre Tursdale Business Park in County Durham where a multi-million pound programme of investment is underway to upgrade the site and expand its industrial open storage capacity.
TradeSpaces will manage every stage in-house – from acquisition, investment and development through to letting and ongoing property management.
Andrew Ward, CEO of WGI, said: “The UK market is seeing significant demand for well-located industrial open storage (IOS) and operational space, yet the supply of high quality, secure facilities remains limited. IOS is a vital but underserved sub-sector of the industrial property market, playing a crucial role in supporting industries such as construction, logistics and manufacturing. TradeSpaces is uniquely positioned to address this supply gap and capitalise on the considerable growth potential in the sector.”
