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.
Tag: manufacturing
Machine tool manufacturer to move to Stratford from Birmingham and create 20 new jobs
A multinational engineering firm is moving its UK base from Birmingham to Stratford-upon-Avon and creating up to 20 new jobs in the process after Wareing & Company finalised a deal.
GROB Machine Tools UK, which currently employs 20 people, is set to move into the former Building Profiles unit on Timothy’s Bridge Road in Stratford and expand its team once a refurbishment of the site is complete.
The company, originally founded in Germany, manufactures machines used to create components used in a wide variety of sectors, such as automotive, aerospace, medical, and energy.
And after winning a 200 million-Euro contract with a major original equipment manufacturer (OEM), the time was right for the UK branch of the company to move away from its Birmingham base and into bigger premises.
The 14,000 sq ft unit was let to GROB Machine Tools UK after Jonathan Blood, director at Wareing & Company, completed the deal.
Louis Hill, Managing Director of GROB Machine Tools UK, said: “We had outgrown our base in Birmingham, and we needed a site that not only had a good factory floor, but high-quality office space too.
“We saw there were lots of small units that had this, and lots of incredibly large warehouses, but we needed something that fell somewhere in the middle.
“The unit in Stratford that Wareing & Co promoted ticked all the boxes. It has manufacturing space, office space, and enough space for a showroom where we can bring current and prospective customers to highlight the work we do.
“And staying in the Midlands was key for us – we work across the country and into Ireland too, so having a central base that is easily accessible is very important.
“It’ll also be a nice bonus to be in a town like Stratford with all of its history and charm. GROB Machine Tools UK was originally based in Wellesbourne before it moved to Birmingham, so it’s great to be returning to Warwickshire.
“We’re hoping to be all moved in within a few weeks and we are really excited to start this new chapter in our company’s history.”
Jonathan Blood, director at Wareing & Company added: “GROB Machine Tools had very clear requirements about what it wanted, so it was brilliant to be able to find Louis and the team a site that was perfect for them.
“This deal will bring high-quality jobs into Stratford and ensure a unit that had been occupied in Stratford for a very long time by Building Profiles does not sit empty. We are looking forward to seeing GROB Machine Tools make their mark in Stratford.”