Westcott Venture Park announces major letting to Total Carbide
Westcott Venture Park is delighted to announce a major letting to Total Carbide, which is relocating its European manufacturing headquarters from Princes Risborough.
Total Carbide is one of the European leaders in the design and manufacture of tungsten carbide wear parts. The company provides wear part solutions to many of Europe’s major companies and industries and was incorporated into Gloucestershire based Versarien plc (AIM:VRS) in 2013.
The company has agreed a 10-year lease on the refurbished Hangar 3 comprising 29,503 sq ft of industrial space at a yearly rental of £177,000.
Total Carbide will complete a comprehensive fit-out of Hangar 3 with the relocation planned for October 2016 when it’s 35 strong workforce will move from their current location at Picts Lane, Princes Risborough.
Nigel MacKenzie, project manager at Westcott Venture Park says: "This is a major deal for us at Westcott Venture Park and notably the largest deal of it’s kind in South Buckinghamshire for over three years. This move allowed Total Carbide to remain in the County and was a great opportunity for them to tailor an existing building into an environment fit for their purposes. We are delighted to be welcoming yet another large manufacturing business to the park, which brings the total number of onsite tenants up to 76 and represents a healthy year on year occupier increase."
The announcement follows the completion of Phase One of the new Century Court development comprising 24,000 sq ft across seven units. Permission has been granted for a second phase comprising 21,000 sq ft as well as a new HQ warehouse pre-let opportunity comprising 25,000 sq ft.