Tag: offices

Wareing & Company Supports Letting of 92,246 sq ft Barberry Midbox 92 at Tournament Fields

Posted on by Nancy Gregory

Wareing & Company is pleased to have acted as joint agent on the successful letting of Barberry Midbox 92, a new 92,246 sq ft Grade A industrial and logistics facility at Tournament Fields Business Park, Warwick.

 

The newly completed warehouse has been let to international logistics provider Widem Logistics on a 15-year lease, marking a significant occupier commitment at one of Warwickshire’s leading employment locations.

 

Developed by Barberry Industrial, the £20 million Barberry Midbox 92 scheme occupies the final remaining plot at the entrance to Tournament Fields Business Park, benefiting from a prominent position and immediate access to Junction 15 of the M40.

 

The high-specification facility has been designed to meet the requirements of modern industrial and logistics occupiers, targeting EPC A and BREEAM Outstanding. Sustainability and occupier-focused features include rooftop solar PV, electric vehicle charging points, enhanced staff welfare facilities, landscaped green areas, an outdoor gym and basketball court, bike repair pod and a range of biodiversity initiatives.

 

The letting to Widem Logistics follows the building’s recent practical completion, with the occupier secured shortly after handover.

 

Widem Logistics is an international logistics provider operating across Europe, offering transportation, customs, retail distribution and fulfilment services through its own warehouses and dedicated fleet.

 

A landmark development for Tournament Fields.

 

Wareing & Company has been involved with Tournament Fields Business Park for more than 20 years and has played a long-standing role in the development and marketing of commercial property at the park.

 

Bill Wareing, of Wareing & Company, said:

“Having been involved in the Tournament Fields Business Park for over 20 years, I am delighted to see the completion of the final plot on this 50-acre quality business park to an established distribution company.”

 

The completion and letting of Barberry Midbox 92 represents the delivery of the final plot at the 50-acre business park, further strengthening Tournament Fields’ position as an established location for national and international occupiers.

 

Barberry acquired the final remaining plot at the front of the business park and secured reserved matters planning permission from Warwick District Council before commencing construction.

 

Jonathan Robinson, Development Director at Barberry, said the 15-year lease was a strong endorsement of both the quality of the development and the location, highlighting the continued demand for high-quality, sustainable industrial and logistics space across the Midlands.

 

Russell Green, UK Managing Director of Widem Logistics, added that the new facility’s specification, connectivity and sustainability credentials made it a strong fit for the company’s operational requirements and its continued growth in the UK.

 

Wareing & Company and Savills acted as joint agents for Barberry on the scheme.

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.

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.

Former Bravissimo offices in Leamington now on the market with Wareing & Co

Posted on by sam

The former offices of a major Leamington company are now on the market with Wareing & Co.  

Imperial Court – the former home of national lingerie retailer Bravissimo – is a contemporary 20,419 square foot four-storey office block and is available to let.

The open plan offices will be the largest available space to rent in Leamington town centre, with floorplates ranging from 3,606 sq ft to 5,651 sq ft, and new lease terms are available on either the whole of the property or on a floor-by-floor basis.

The offices, spread across four floors, will undergo a refurbishment at the beginning of next year and specification is likely to include carpet tile and modern vinyl floor coverings, suspended ceiling with recessed LED lighting, tea point to each suite, two passenger lifts and on-site shower facilities.

It also boasts 72 parking spaces and benefits from Leamington’s great road and rail connections.

Jonathan Blood, Director at Wareing & Company, said: “Imperial Court is an important commercial building in Leamington Spa, with a history of national commercial tenants.

“It’s in a fantastic central location, with modern facilities and great road and rail transport connections to both London and Birmingham, with the added bonus of a great on-site parking ratio.

“The site presents a unique opportunity for growing and ambitious businesses looking to expand their operations within the Midlands.

“We are already receiving a lot of interest from a variety of sectors and are looking forward to seeing a new tenant move into this prominent building.”

For more information, contact Wareing & Company on 01926 430700.