Tag: commercial

Wareing and Company Secure New Lease for Benford Court Office and Distribution Hub

Posted on by Nancy Gregory

Wareing and Company are delighted to announce the successful letting of 2 Benford Court to Mohawk’s Cycles, who will be utilising the premises as a dedicated office and distribution hub.

 

Jon Blood of Wareing and Company advised on the letting, securing a successful outcome for the landlord and introducing a strong occupier for the well-positioned commercial unit.

 

The location provides an ideal base for Mohawk’s Cycles, offering a strategically located facility to support their operations, with excellent connectivity and a central UK position allowing efficient management of their office and distribution requirements.

 

The transaction highlights the continued demand for well-located commercial premises and Wareing and Company’s ability to match occupiers with the right property solutions through proactive advice and market knowledge.

 

Jon Blood commented: “We are pleased to have completed this letting and secured a tenant whose operational requirements are a strong fit for Benford Court. The property provides an excellent platform for Mohawk’s Cycles to continue developing their business and distribution operations.”

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.”

Wareing & Company Completes Sale of Strategic 10-Acre Warwick Development Site

Posted on by Nancy Gregory

Acting on behalf of long standing owner, Warwickshire commercial property specialists Wareing & Company has successfully completed the sale of the freehold interest in a strategic 10-acre site at Stratford Road, Warwick.

 

The site, which is currently laid to pasture and has historically been used for grazing, occupies a prominent location opposite Aylesford School and Playbox Theatre. Its position on one of Warwick’s principal routes and proximity to established residential and commercial areas made it an attractive opportunity for purchasers seeking long-term development potential.

 

Recognising the site’s strategic location, Wareing & Company marketed the land on the basis of its potential for future employment development, subject to its allocation within the local plan and the granting of the necessary planning consents.

 

Following a successful marketing campaign, the freehold has been sold to a private purchaser for a figure in the region of £1.4 million.

 

The transaction represents another significant land deal for Wareing & Company, reflecting continued demand for strategically located development opportunities across Warwickshire despite the planning process associated with longer-term land investments.

 

Bill Wareing, Director of Wareing & Company, said:

“This was an excellent opportunity to acquire a substantial strategic site in a highly accessible location within Warwick. While the land is currently agricultural, its position and surrounding uses mean it offers considerable long-term potential for employment development, subject of course to the necessary planning approvals and allocation through the planning process. We were delighted to secure a successful outcome for our client”.

 

Tyndallwood Solicitors acted on behalf of the landowners throughout the transaction.

 

Wareing & Company continues to advise landowners, developers and investors across Warwickshire and the wider Midlands on the sale, acquisition and development of commercial property and strategic land.

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.

CEWE Secures £5.6m Freehold Acquisition at Tachbrook Park Following Lease Surrender Negotiated by Wareing & Company

Posted on by Nancy Gregory

 

Wareing & Company has successfully negotiated the surrender of a lease and subsequent freehold sale of a high-quality 45,000 sq ft warehouse/industrial unit with extensive office accommodation at 5 Apollo Way, Tachbrook Park, Leamington Spa.

The property, previously occupied by Grupo Antolin, has been acquired with vacant possession by CEWE Limited for approximately £5.6 million. The off-market deal highlights CEWE’s proactive approach and long-term commitment to the Warwick district, as the company relocates from another premises on Tachbrook Park to the new building next year.

Bill Wareing of Wareing & Company who led negotiations on behalf of the landlord said:
“CEWE had been seeking freehold opportunities in the Warwick district for a number of years and have made a commitment to secure these premises in an off-market deal well in advance of their current lease expiry.”

 

CEWE, a German-based provider of commercial photographic services across the UK and Europe, will consolidate its operations at the site, underlining its commitment to growth in the region. Noyes Lewis Commercial Property acted on behalf of CEWE in connection with the transaction.

The completion of this deal reinforces the strength and resilience of the Warwickshire commercial property market, with high-quality industrial and office assets continuing to attract strong investor and occupier demand despite broader market fluctuations.

Warwick law firm takes over 12,000 sq ft of space after Wareing deal

Posted on by sam

 

A historic Warwick law firm is growing its office space by 50 per cent as part of an expansion drive after a Wareing & Company facilitated the move.

 

Moore & Tibbits, which has provided law services in Warwick for almost 200 years, has moved its whole operation to the third floor of Westgate House in the town after Jonathan Blood, director at Wareing & Company, was able to secure a deal.

 

Moore & Tibbits previously had an office on High Street for services such as conveyancing and business law, and a second office at a different part of Westgate House for its health and welfare and private client services.

 

Now, the firm will combine both these services by occupying more than 12,000 sq ft of modern office space in Westgate House in a ten-year lease as it looks to add at least 20 fee-earning staff to its current team of 80 over the coming years.

 

James Williams, Partner at Moore & Tibbits, explained the firm had outgrown its old offices and needed larger premises, but wanted to find somewhere in Warwick to keep its roots in the town where it had started.

 

He said: “Our connection to Warwick is part of who Moore & Tibbits are – we’re essentially a high street law firm that has grown organically in recent years.

 

“It recently became clear that our current setup wasn’t really working for us. Our high street office was looking tired and cramped, and there wasn’t much synergy with our existing Westgate House office.

 

“When we decided to move to larger premises, it was a must that we stayed in Warwick town centre, whilst also having an inviting office space for both our staff and our clients.”

 

Having known Jonathan and Wareing & Company through his work, James thought he may have a solution and decided to contact him.

 

“Jonathan understood our criteria perfectly and knew the third floor of Westgate House would fit the bill,” James added.

 

“The new space gives us 4,000 extra square feet compared to our previous two-office arrangement, meaning we will be able to easily accommodate new staff as we continue to grow.

 

“It will allow us to retain that close connection with Warwick that defines us as a firm, while also allowing us to modernise without leaving the town.”

 

Jonathan said: “For tenants such as Moore & Tibbits, location can mean absolutely everything.

 

“While some occupiers are more than happy to take out-of-town locations if the property is to their liking, for others, keeping their business in the same place can be vital.

 

“We felt the third floor of Westgate House would be ideal for Moore & Tibbits to keep them in Warwick and allow them to expand.

 

“It’s great to see the team have moved in and we look forward to seeing the business grow further in its new home.”

Car wheel specialists moving back to old Warwick home after 40 years away

Posted on by sam

A supplier of wheels for modern and classic cars, which boasts customers from as far away as Australia, is set for a move back into its old Warwick home after more than 40 years away after Wareing & Company agreed a deal.

John Brown Wheels is in the process of moving into the 22,224 sq ft Taylor Group House on Wedgnock Lane following the deal’s completion.

The firm designs replicas of alloy wheels for a range of modern vehicles as well as classic cars in need of an upgrade, from tiny wheels for 1960s Minis, to larger wheels for classic Volkswagen Type 2 campervans, and supplies to both the public and the trade.

Founded in 1972 in Coventry, John Brown Wheels was founded by the late Jonathan Brown and his brother Chris, who started off storing wheels in their bedroom and directing customers to call a telephone box between 6 and 8pm for any enquiries.

After a loan of £100 from their mother, the brothers grew the business and eventually opened 16 branches around the UK while basing itself at Wedgnock Lane in the 1970s and 1980s.

In that time, John Brown Wheels built up a strong reputation among classic car enthusiasts both in the UK and abroad, with orders being shipped as far as Japan and Australia.

However, after two decades at its current premises in Stockton, Chris and his son Rich felt the time was right to find a new premises to help the business grow.

During a visit to Warwick, Chris happened to see that Taylor Group House was up for sale through Wareing & Company, and called the agents soon after.

From left: David Brown (John Brown Wheels), Chris Brown, and Jonathan Blood inside Taylor Group House
From left: David Brown (John Brown Wheels), Chris Brown, and Jonathan Blood inside Taylor Group House

 

He said: “When I saw Taylor Group House was up for sale, I thought it was fate.

“Our premises in Stockton was becoming a little tired and we were in need of a new place to call home. But I never thought we might be able to move back to our old place in Warwick.

“I was initially told the premises had just been sold, which was a real shame. But a couple of months later, Jonathan Blood at Wareing called me back to ask if I was still interested as the original deal had fallen through. I said I was and we quickly arranged a viewing.

“Seeing the building again on our first viewing brought back a lot of memories – not only of our success there, but of my brother too. The decision to come back just felt right.”

John Brown Wheels is now in the process of fitting out Taylor Group House and transferring its inventory over, with a planned opening date in the new year. It is also hopeful of hiring new staff once the company moves in.

“Demand has generally been good in wholesale and export, and we’re hopeful the retail side of the business is picking up too,” Chris added.

“And Warwick is a busy town – the Wedgnock Industrial Estate is full of useful suppliers for us and we expect business will move more quickly once we’re moved in.

“We think our move back to Warwick will be a real step forward for John Brown Wheels, and we’re really looking forward to being back in the town and grateful to Jonathan at Wareing for his patience in securing the property.”

Jonathan Blood, Director at Wareing & Company, said: “Not only is this a great example of a successful company choosing Warwick as their new base, but an incredible story for the Brown family.

“The business landscape at Wedgnock Industrial Estate was a clear draw for Chris, but the personal connection to Taylor Group House made it particularly appealing.

“We’re delighted to have made this deal happen for Chris and John Brown Wheels, and we hope their return to Warwick brings them great success.”