Category: PROPERTY

Wareing & Company’s Summer 2026 Warwickshire Commercial Property Market Update

Posted on by Nancy Gregory

Opportunities Emerging in a Changing Market
The commercial property market across Warwickshire continues to demonstrate resilience despite wider economic uncertainty. While higher borrowing costs and cautious investment sentiment have slowed activity in some sectors nationally, demand for well-located commercial premises throughout Leamington Spa, Warwick, Kenilworth, Stratford-upon-Avon and Coventry remains encouraging.

 

At Wareing & Company, we are continuing to see businesses planning for growth, investors seeking quality opportunities and developers looking to unlock value from strategically located sites. Although the market has undoubtedly become more selective, there are positive signs for those prepared to take a long-term view.

 

Industrial Property Remains the Standout Performer
Industrial and warehouse accommodation continues to be Warwickshire’s strongest-performing commercial property sector.

 

The county benefits from its central location within the UK’s motorway network, with excellent access to the M40, M42, M6 and wider Midlands logistics corridor. This continues to attract manufacturing, engineering, distribution and technology businesses looking for modern, efficient premises.

 

Demand for high-quality industrial units, particularly those ranging between 2,000 sq ft and 25,000 sq ft, remains robust. Modern units offering good energy performance, generous yard space and strong transport links continue to command competitive rents and attract multiple interested parties.

 

Supply, however, remains constrained, particularly for freehold opportunities, which continues to support both rental growth and capital values.

 

Offices Are Evolving Rather Than Declining
While hybrid working has reshaped the office market nationally, the picture in Warwickshire is considerably more positive than many headlines suggest.

 

Businesses are increasingly focused on quality over quantity, seeking modern, flexible office accommodation that helps attract and retain staff while providing an environment that supports collaboration.

 

Well-presented town center offices in Leamington Spa and Warwick continue to perform well, particularly those that have been refurbished to a high specification and offer excellent accessibility, parking and strong sustainability credentials.

 

Conversely, older office stock requiring significant investment is seeing increased interest from developers exploring alternative uses, particularly residential conversion where planning policy allows.

 

Retail Continues to Adapt
The retail market has undergone significant change over recent years, but successful locations continue to thrive.

 

Independent retailers, cafés, restaurants, health and wellbeing operators and specialist service providers are helping to reshape many Warwickshire high streets. Rather than competing directly with online retail, successful occupiers are focusing on customer experience and convenience.

 

Prime locations continue to attract occupier interest, while landlords who invest in improving the quality and flexibility of their premises are generally achieving stronger occupancy levels.

 

Development Land Still Attracts Interest
One of the most encouraging aspects of the local market is continued demand for strategic development opportunities.

 

Whether for employment land, mixed-use schemes or residential-led development, developers remain actively seeking sites with long-term potential. Landowners are increasingly recognising the value that can be unlocked through strategic planning advice and promotion.

 

Warwickshire’s strong economic fundamentals, growing population and excellent transport connections continue to make the county an attractive location for future development.

 

Investment Market Becoming More Selective
Commercial investment activity has become more measured over the past 12 months, largely due to higher financing costs and changing investor expectations.

 

However, quality assets with secure income streams continue to attract strong interest from private investors, family offices and pension-backed buyers.

 

There is also growing demand for value-add opportunities where investors can improve buildings through refurbishment, energy efficiency upgrades or lease restructuring to enhance long-term returns.

 

Nationally, transaction volumes remain below historic averages, but industrial and retail assets have shown greater resilience than the office sector, with investor confidence gradually improving as borrowing costs stabilise.

 

Looking Ahead
As we move through the remainder of 2026, confidence appears to be improving gradually across much of the commercial property market.

 

Occupiers remain active, investment appetite is strengthening for the right opportunities and demand for quality industrial accommodation continues to outstrip supply.

 

Warwickshire’s diverse economy, highly skilled workforce and strategic location place it in a strong position compared with many other parts of the UK. While market conditions require realistic pricing and expert advice, opportunities continue to exist for landlords, occupiers, investors and developers alike.

 

At Wareing & Company, our local market knowledge and long-established relationships enable us to identify opportunities before they reach the wider market. Whether you are considering selling, letting, acquiring, investing or developing commercial property across Warwickshire, our experienced team can provide practical, commercially focused advice tailored to your objectives.

 

If you would like an up to date appraisal of your commercial property or would like to discuss current market conditions, contact Wareing & Company for a confidential conversation with one of our commercial property specialists

Wareing and Company Achieve Record Sale for Freehold Office Property in Leamington Spa

Posted on by Nancy Gregory

Wareing and Company are delighted to announce the successful sale of 34 Hamilton Terrace, Leamington Spa, achieving a new record price for a freehold commercial office property in the area.

 

The property attracted significant interest following its launch to the market, with Jon Blood of Wareing and Company inundated with enquiries from a wide range of prospective purchasers. The level of interest demonstrated the continued demand for well-located freehold office opportunities in strong regional markets.

 

Jon provided expert advice to the client throughout the process, carefully assessing the numerous offers received and advising on the most suitable purchaser and terms to achieve the best possible outcome.

 

Following a competitive marketing campaign, the property was successfully sold to a private individual at a record-breaking level, achieving £360 per sq ft, a new benchmark for this type of commercial office asset in Leamington Spa.

 

The vendor was delighted with the result, which reflects Wareing and Company’s ability to generate strong market interest, provide clear strategic advice, and deliver exceptional outcomes for clients.

 

This landmark transaction further reinforces Wareing and Company’s reputation for successfully handling commercial property disposals and maximizing value through a proactive and tailored approach.

Wareing and Company Secure Sale of 17 Trinity Street Following Successful Redevelopment Marketing Campaign

Posted on by Nancy Gregory

Wareing and Company are pleased to announce the successful sale of 17 Trinity Street, a prominent local site offering a potential redevelopment opportunity.

 

The property, which had been occupied as a tile showroom, was brought to the market following the tenant company entering administration. Recognising the potential of the site, Wareing and Company provided strategic advice to the vendor on a range of possible future uses, including both commercial and residential redevelopment options.

 

The opportunity generated significant interest from a variety of parties, reflecting the strong demand for well-located sites with development potential. Following a competitive marketing process, interested parties were invited to submit their best and final offers.

 

After careful consideration, the property was secured by a special purchaser with plans focused on residential redevelopment. The vendor was delighted to proceed with the sale, which was successfully concluded at a level price and completed promptly.

 

Wareing and Company’s expertise in identifying opportunities, advising on alternative uses, and managing competitive disposal processes ensured a successful outcome for all involved.

 

The transaction highlights the continued demand for well-positioned local assets and Wareing and Company’s ability to deliver results through proactive advice and tailored marketing strategies.

Well Established Leamington Spa Manufacturing Company Acquires Additional Premises

Posted on by Nancy Gregory

On behalf of The Box Factory Limited, Wareing & Company have acquired 50,000 sq ft of storage and distribution space at Burnt Heath Farm, Southam, Warwickshire, on a 5 year lease at a rent in the order of £290,000 per annum.

 

The building has been long established for distribution use, and it is located close to The Fosse Way (approximately 3 miles from Leamington Spa).

 

In addition, Wareing & Company have disposed of The Box Factory’s lease in respect of premises at Highdown Road, Sydenham, which comprises c. 11,000 sq ft, to Tungsten Engineering. The passing rent was £100,000 per annum with approximately 3 years remaining on the existing lease.

 

Neil Price, the Managing Director of The Box Factory, said “We are delighted to expand our presence locally acquiring larger and well-located storage premises.” Joe Williams of Tungsten Engineering commented “Having been based on Heathcote Industrial Estate for many years, we have now expanded into these premises in Highdown Road in order to assist the continued expansion of our business.”

 

Bill Wareing of Wareing & Company said “The Box Factory are now the largest manufacturing company within Leamington Spa and continue to consolidate and grow their very successful business. I am delighted to have been of assistance having acted for The Box Factory for over 30 years.”

A Landmark Deal for Innovation at Middlemarch Business Park

Posted on by Nancy Gregory

Wareing & Company has successfully advised Aurrigo International Plc on the acquisition of a major new UK hub facility at Middlemarch Business Park, Coventry, in a deal that will support the future growth of autonomous vehicle engineering and manufacturing in the region.

The new facility comprises two buildings totalling 130,615 sq ft and will become Aurrigo’s principal UK base for advanced engineering, autonomous vehicle development, high-value volume manufacturing, and wider automotive operations.

With the capability to manufacture more than 500 autonomous vehicles per year, the site represents a significant investment in the future of mobility technology and advanced manufacturing within the West Midlands.

Bill Wareing of Wareing & Company said:
“We were delighted to assist Aurrigo with the acquisition of this high-quality facility at Middlemarch Business Park, Coventry. This is a significant transaction for the business and for the wider Coventry area, helping to retain highly skilled jobs and reinforcing the city’s long-standing reputation as a centre for automotive innovation and engineering excellence.”

Professor David Keene, Chief Executive of Aurrigo International Plc, added:
“The new centre marks an important milestone for the business and provides the capacity required to support our next phase of growth in autonomous vehicle development and manufacturing.”

Bromwich Hardy and Box4 Real Estate acted on behalf of the assignor of the lease.

The transaction underlines Wareing & Company’s continued expertise in advising on strategic commercial property acquisitions across the Midlands and supporting investment that drives regional economic growth.

Julie’s efforts recognised with promotion

Posted on by sam

Wareing & Co has announced the promotion of a valued long-standing member of staff.

Julie Bevan, who has been with the firm for almost 20 years, has been promoted to office manager.

Julie joined the firm in 2004 and plays an integral part in the business, managing the accounts, overseeing the Wareing & Co website and supporting with enquiries.

She has recently increased her hours and now works full time for the firm.

Julie, who lives in Leamington and has three children, said she is thrilled with the promotion.

She said: “I really enjoy my role at Wareing & Co and I am very pleased to be recognised with this promotion.

“No two days are the same in my job and I love that there is always something different to do.

“I have three children, but as my youngest is now 15 it has given me the opportunity to increase my hours and take on more responsibilities.

“I look forward to continuing to support the growth of the business in my new role.”

Jonathan Blood, director at Wareing & Co, said: “Julie is an extremely valuable member of the team at Wareing & Co.

“She has been with the business for almost 20 years – a fantastic achievement – and this promotion is very well-deserved.”

Wareing & Co offers base in Kenilworth for Ukraine donations pop-up shop

Posted on by sam

A pop-up shop in Kenilworth taking donations to help refugees fleeing the war in Ukraine has been inundated with items in the space of a few days.

The shop in Talisman Shopping Centre, run by Ukraine Aid Relief Kenilworth, has seen residents and visitors alike donating hundreds of bags full of food, clothes and medicine.

The idea to help in some way came from Kenilworth businessman Doug Leaf and friends who are regulars at The Engine pub in the town – and rapidly grew into something much larger.

The group used their contacts in Kenilworth to secure a collection site at Castle Farm in Kenilworth, but they also needed a site with good footfall too.

Bill Wareing, owner of Wareing & Co, was contacted by Doug, and offered to let the organisation use the old Hays Travel unit as a base for donations.

Doug said: “My friends and I knew we had to try and do something to help the millions affected by the awful events in Ukraine. I’m a father of two, and seeing the suffering of young children on my TV was deeply affecting.

“The appeal was only a small idea to begin with, but my friends and I realised we had the contacts to get a proper operation in place.

“I’ve worked with Bill before and he was able to get us set up in Talisman Shopping Centre in no time at all, which was incredibly helpful.

“We’ve also had help from printers Emmersons Press who produced the banners for us, Coventry Construction Ltd who provided us with pallets and packaging, and removal firm Squab have helped us move the donations from the Talisman shop to Castle Farm where they will later be collected and taken to the front line. It’s been a real team effort.

“And it’s just been touching to see how well Kenilworth has responded to the appeal in such a short amount of time. We’ve had tonnes of donations. It’s just so heartening.

“The appeal’s success is testament not only to the businesses that helped set it up, but the desire of Kenilworth residents to help the Ukrainian people.”

Bill added: “When Doug got in touch I knew the unit in Talisman Shopping Centre would be perfect for the appeal due to its high footfall.

“We were able to sort out the details very quickly, and they were set up in the shop in just a few days.

“And although we knew Kenilworth was a generous town, we have been blown away by the number of donations so far. We are glad to have played a small part in making the appeal a success, and we hope the donations keep coming in.”

Hugo Hawkings, chief executive of Talisman Shopping Centre developers Discovery Properties, said: “We were only too happy to help Ukraine Aid Relief Kenilworth move in when we heard about its appeal.

“Kenilworth has responded brilliantly in just a short space of time, which is incredible to see. We hope the shop will go some way to helping everyone affected by the horrible conflict in Ukraine.”

Doug is encouraging anyone wishing to donate to prioritise medical items and toiletries like nappies, shampoo, painkillers and first aid kits when they donate.

A full list of recommended items can be found on the group’s Facebook page at https://www.facebook.com/UkraineAidReliefKenilworth

To donate, visit the store at 23 Talisman Shopping Centre between 10am and 4pm Monday to Saturday.

Major Property Deal in Southam Completed

Posted on by veli

Up to 100 new jobs could be attracted to Southam after a major property deal was completed.

The Wigley Group – a Warwickshire-based independent property development, investment and construction firm – has purchased the former Tichsa building on Northfield Road in the town.

The firm is looking to let the 40,000 sq ft building, and it has already generated interest from a range of users across the region.

Leamington-based Wareing & Company is marketing the building for The Wigley Group, and has had enquires from manufacturing and engineering companies as well as logistics businesses.

Bill Wareing, of Wareing & Company, said: “The deal to purchase for The Wigley Group had not been completed before we had interest from companies looking to expand.

“There is unquestionably a shortage of buildings of this size across the region while at the same time we have a thriving economy and Southam is a good location.

“We expected to get interest from the logistics sector but we have had more than one manufacturing and engineering company expressing an interest as they are looking to expand and see this as the perfect opportunity.

“Suitable accommodation for expanding firms in that sector is not easy to come by and a lack of it can mean companies either moving from the area or not reaching their potential, so hopefully this might fit their bill.”

The modern high-bay building with offices is located on the main industrial estate in Southam and boasts an eaves height of approximately nine metres, rising to around 13 metres at the apex, making it an attractive space for large-scale storage and it is extensively racked.

It also includes a 2,000 sq ft mezzanine, two self-contained internal office blocks, goods yard and on-site parking with 46 spaces.

Wareing & Company and Bromwich Hardy are jointly marketing the property.
James Davies, of The Wigley Group, said: “We recently moved our headquarters into the Southam area and it has been brilliant for staff and for clients. We are in easy reach of Leamington, Daventry, Coventry and Banbury and there is great access to the regional motorway network.

“While we are always looking to add to our portfolio, we are very particular about our investments, but the attributes of the building allied with the advantages we have found being located in the area made this an attractive proposition – as we hope it will be for potential tenants.”

Further details regarding the lease are available through Wareing & Company on 01926 430700 and Bromwich Hardy on 024 7630 8900

Sodick – Tournament Fields, Warwick

Posted on by veli

The first step has been taken to create a new state-of-the-art European HQ for an electrical manufacturer in Warwick.

Sodick, which was established in Yokohoma, Japan, has been operating in Coventry since 2008 and is creating a new 45,000 sq ft complex at Tournament Fields in Warwick.

The firm, founded in 1976, is a world renowned manufacturer of electrical discharge machines, which are used to make tools and parts for a variety of industries including automobile, aerospace, electronics and more.

The move will see Sodick and Sodi-Tech EDM – the exclusive distributor of Sodick products in the UK – come together under one roof, with 46 members of staff, once it is built.

The new centre will run its sales, service and marketing support operation for the whole of Europe, as well as Russia and Africa.

The move has been made possible by leading law firm Wright Hassall,
independent property consultants and chartered surveyors, Wareing & Company, and Sodick’s property agents, Bromwich Hardy.

Sodick’s European CEO Peter Capp said: “The desire to build a new state-of-the-art-factory has been an objective of our expansion programme for several years and despite the UK Brexit vote we still decided that the UK was the perfect place to continue our growth.  Our Coventry base has been steadily growing its business over the last decade and we now turnover £45 million per year. We believe this is a great opportunity for us to continue to grow in the UK and Europe.”

Andrew Jones, partner at Leamington based law firm Wright Hassall, which has acted for Sodick since its arrival in the UK, helped complete the purchase of the land.  He said: “Sodick’s decision to keep its European HQ in the Coventry and Warwickshire area, while moving into state-of-the-art premises is good news for the area and for the company.  We have worked with them during an incredibly successful period since their move to Coventry and we look forward to their successful future growth.”

To mark the start of building work, developers, surveyors and Sodick bosses came together for a ceremonial ground-breaking ceremony.

Bill Wareing, of Wareing and Company, said: “Tournament Fields is a thriving site for businesses and the perfect location for Sodick to continue their development. It has grown to become a very valuable and vibrant commercial hub attracting a range of businesses which realise the benefits of being based in Warwickshire.”