Derbyshire-based Clowes Developments has sold one of the plots at its Castlewood Business Park, on the outskirts of Nottingham.
ConSpare and sister company ProSpare have bought the 19,400 sq ft plot for an undisclosed sum and will move in early next year when the building is complete.
The single story industrial warehouse unit with two storey offices sits at the entrance to the business park which has already seen 1,500,000sq ft of industrial space built and occupied. The site is close to Junction 28 of the M1.
ConSpare was launched in 1978, and supplies spare parts and support to the 海角视频 concrete producing industry.
ProSpare was founded in 2007 and works with companies involved in the handling and processing of powders and raw materials in sectors such as quarrying, recycling, glass and food manufacturing.
The deal will see 40 staff moving to the new facility, with space for more to join them in the future.
The additional warehouse space is 400 per cent bigger than ConSpare and ProSpare’s previous premises in Pinxton, will allow them to improve the efficiency of their warehousing operations and further modernise the way they work.
James Bullock, who is managing director of both ConSpare and ProSpare, said: “The location is ideal, and the chance to plan the building ‘from the ground up’ will allow us to implement many improvements to the businesses going forward.
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“The building also provides a great environment for our employees to work within and to hold meetings with our customers. Castlewood reinforces our drive to ‘Make it better.’
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“The move to Castlewood will form the cornerstone of our relentless drive to improve our process improvement and spare parts support services.
“It will provide the perfect platform to continue to grow both businesses and future-proof our operations for the next 40 years.
“We anticipate moving into the building in Spring 2022.”
Chesterfield-based Roe Developments was awarded the construction contract for the facility.
Castlewood Business Park is already home to a 480,000 sq ft Co-Op distribution centre and a 100,000 sq ft Parker Knoll manufacturing and distribution facility.
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Agent Christian Smith at Savills, who acted on behalf of Clowes Developments, said: “It is great to see another plot at the hugely successful Castlewood Business Park be snapped up by ConSpare and ProSpare.
“They will be a welcomed addition to the ever-growing list of occupiers at the popular logistics hub and we look forward to seeing their business go from strength to strength in their new premises.”