Tag: leamington spa

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.

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.

Wareing helps games company move into 20,000 sq ft offices in Leamington Spa

Posted on by sam

A growing games company has shown its faith in the Leamington office market after moving into 20,000 sq ft of office space in the heart of the town as it looks to expand its team.

Lighthouse Games has moved into Imperial Court in Leamington Spa after Jonathan Blood, director at Wareing & Company, agreed a deal on the building.

The company, which recently received major investment from industry giants Tencent, is transitioning its staff from its old base in Marlborough House in Leamington to Imperial Court as the space across four floors is fitted out over the next few months.

It is now planning to grow its employee count significantly as it works on an as-yet unrevealed new project.

Nick Craig, Operations Director at Lighthouse Games, said: “We’d been looking for new offices for a while, as our old space at Marlborough House couldn’t accommodate our rapid expansion.

“The property ticked a lot of boxes for us – parking so any staff driving in can relax on their commute knowing they can easily park, close to the great local restaurants and bars Leamington has to offer so they can socialise together after work, and lots of space for us to expand.

Jonathan Blood, Director at Wareing & Company, said: “This deal shows Leamington’s office market is proving more resilient than other towns of its size, and also shows the faith the video games industry has in the town.

“Imperial Court is one of the most prominent office buildings in the town, and its versatility and ease of access were very attractive to Lighthouse Games.

“Leamington earned the nickname ‘Silicon Spa’ thanks to the high density of games companies in and around the town, and this deal only solidifies Leamington’s reputation as the place to be for the video games industry in the Midlands.”

New Nisa coming to Leamington after Wareing & Company strikes deal

Posted on by sam

A new Nisa convenience store will soon be coming to a prime location in Leamington and will create 15 jobs in the town after Wareing & Company agreed a deal for a growing retail property business to buy the site.

The former Paperchase on 36 Parade in Leamington town centre will be replaced by a new Nisa store following the 5,709 sq ft building’s purchase by Dougall Group, a family-owned property company which owns a variety of convenience stores in the West Midlands and London.

The shop, which sits between McDonald’s and Flying Tiger Copenhagen and comes with a Pret A Manger-branded coffee machine, will open in September.

Ricky Dougall, director of Dougall Group, was informed of the opportunity by Jonathan Blood, director at Wareing & Company.

“We had been looking at opening a store in Leamington for a while, but we’d never been able to find a property that met all of our needs,” Ricky said.

“I’d been in contact with Jon on a previous deal that we didn’t pursue in the end, but we kept in touch because of our desire to find a Leamington site.

“When he told us about this opportunity – especially to buy rather than rent – we knew this was the site we were looking for.

“36 Parade is in an excellent location being right next to the main bus stops and attracting a high level of footfall.

“And the flexibility of Nisa being an independent retailer means we can adjust our stock depending on what our customers really need, and the Pret coffee machine will be a fantastic addition for those wanting a quick, quality coffee fix.

“We’re looking forward to opening in September and we’re confident Leamington will embrace the new store warmly. If all goes well, we’d be looking at potentially finding more sites in south Warwickshire to expand our portfolio further.”

Jonathan Blood, director at Wareing & Company, added: “It is rare for a property to be up for sale on Leamington’s Parade as opposed to a rental opportunity, and we’re delighted that Dougall Group has purchased the building.

“We had strong hopes for the site due to its enviable location on one of the busiest streets in the town in terms of footfall.

“It’s great news that 15 jobs will be created as a result of the store opening, and once again shows the strength of Leamington’s retail market compared to towns of similar sizes.”

Handelsbanken moves to 3,000 sq ft Leamington office after Wareing & Co secure deal

Posted on by sam

A major bank is set to open a premier office location in Leamington Spa as part of its plans for growth in the area after Wareing & Company secured a deal.

Local relationship bank Handelsbanken will move to a new 3,000 sq ft office on the second floor of Olympus House from its current premises in the town after agreeing a 10-year sub-lease with leading law firm Wright Hassall.

Jonathan Blood, director at Wareing & Company, acted on the deal on behalf of Handelsbanken.

He said: “We have worked with Wright Hassall for a number of years now to help complete our own transactions, so it’s fitting that we secured the deal for Handelsbanken to move into Olympus House.

“The space and amenities fitted Handelsbanken requirement’s perfectly, and we hope the team enjoy settling into their new office.”

Handelsbanken is a relationship bank which offers banking and financial support for customers ranging from individuals to large corporate and financial institutions.

Its Leamington Spa branch, which serves its south Warwickshire customer base, was previously based at Myton House in the town centre for a decade, with all 13 staff due to relocate to Olympus House.

Dani Coe, Branch Manager for Handelsbanken Leamington Spa, said: “Moving to Olympus House is a natural step to accommodate our expanding team of relationship bankers in order to support even more customers in the local community.

“It not only provides a fantastic location for us with excellent parking for our customers, but almost double the office space as our previous site, alongside a welcoming open-plan office space which allows our team to be all on one floor.

“We are very thankful to Wright Hassall and Wareing & Co for helping with our move.”

Phil Wilding, Managing Partner at Wright Hassall, said: “I’m really pleased to welcome Handelsbanken to Olympus House, which has been our proud home since 2007.

“Modern offices look very different from when we first moved in, and in recent years we have seen companies across the world – including Wright Hassall – embrace hybrid working, with most of our 240 staff able to work in a hybrid manner.

“This working style has enabled us to consolidate the office space that we need as a business, and use our premises differently. It has meant we have been able to release some of our surplus space to other local businesses, which ties in with our aspirations to support local businesses and enable their growth and success.

“We still have plenty of office capacity for all of our staff, including space for growth, which is very much on our agenda.

“Handelsbanken is a well-respected name within the banking sector and we are delighted to welcome another local business into our office space.”