Tag: warwickshire

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 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.

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.”

Multinational medical firm opens first UK warehouse after Wareing deal

Posted on by sam

A multinational medical firm making products for diagnostic imaging has opened its first UK warehouse for repairing and testing after moving the service in-house.

Bracco UK has signed a lease on a 5,685 sq ft warehouse and 1,549 sq ft of office space at 8 Titan Business Centre in Warwick after Jonathan Blood, Director at Wareing & Company, secured a deal.

Bracco, headquartered in Italy, creates and distributes products used in contrast imaging – such as chemicals that can be detected in X-rays, MRI scans, and more, along with devices that can administer them.

While the UK arm of the company had a strong sales presence in the country from its Oxford offices, and saw its products used in both NHS and private hospitals, it used to rely on third parties to repair defective equipment and to test new products.

Bracco UK decided to bring this part of the business in-house so its customers would not have to deal with anyone new when it came to servicing and repairing.

As a result of this decision, Bracco UK needed suitable premises to base the service from.

Mark Pittaway, Service Manager for Bracco UK, said: “We knew we wanted somewhere fairly central to base the service in as our products are in hospitals all over the country. The warehouse also needed to be a blank canvas with associated office space, but that we could move into right away without any remedial work.

“We looked in Birmingham, Coventry, and similar areas, but when we came across the unit at Titan Business Centre, we thought it could be a good option.”

Mark was shown the warehouse by Jonathan, who understood Bracco’s requirements around having a turnkey premises and was able to demonstrate that the unit at Titan Business Centre was an ideal choice.

The team of six has now moved into the warehouse and is hitting the ground running.

Mark added: “It was clear that Jon understood what we were after as a business – which is something we couldn’t say for other agents we worked with in trying to find a suitable warehouse.

“Many other properties we were recommended by others were either too run-down or not quite right for our needs.

“We haven’t long moved in but we’ve already settled in nicely. The warehouse is exactly what we wanted and will enable us to kick-start our in-house repair and testing service in the UK, which will significantly improve our customers’ experience.”

Jonathan Blood, Director at Wareing & Company, said: “8 Titan Business Centre’s open space, high specification and excellent links to the motorway network via the M40 made it an attractive proposition for Bracco UK.

“We’re really pleased that Bracco UK has made itself at home so quickly, and we hope it will be an excellent base for its repair and testing operations for years to come.”

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.”