Castlewood: a 2 year review

February 5, 2014 2:54 pm

castlewood

From 120 acres of farmland to just under 1,000,000ft² of built and occupied production and distribution space in a location providing employment to roughly 1,600 people; that is the Castlewood Story so far.

In the space of just 24 months by the end of Q2 in 2014 when UDG (a specialist distribution company for the healthcare industry) take occupation of their bespoke unit of 225,000ft², these figures will be the reality for Castlewood and tell a story in numbers of the success of the site better than any narrative could.

Is there more to come?  The answer appears to be yes.  There are signs in the market place that demand is increasing across the manufacturing and distribution sectors, confidence seems to be rising and this is resulting in new enquiries being received from companies not simply ‘testing the water’ but now looking to view premises, agree relocation options and in general expand and relocate.

Castlewood then, it appears, should be at the forefront of this improved confidence in the market place as with the completion of the UDG deal there will be five occupiers providing a mix of national household names and lesser well known, but equally well-run and profitable companies occupying space and taking advantage of the super location, at the junction of the A38 and Junction 28 of the M1 Motorway and the developer, Clowes Developments, keen to embrace and encourage further occupation of the site.

Since it was originally opened up, Castlewood has been perceived as being the market leader in terms of the best distribution and manufacturing site in the East Midlands given its road links, availability of labour and the ability to construct units of 20,000ft² to up to 500,000ft².  With the latter option now gone after the Co-op moved their regional distribution centre onto the site in a 475,000ft² unit, there has been a steady flow of deals with local and national occupiers taking advantage of the superb opportunity the site affords.

Bombardier, UDG, Meridian Lightweight Technologies and Midland Aerospace are the other occupiers, an ideal mix of distribution and manufacture, national and local companies all enjoying their new homes and with growing order books which gave rise to the confidence to relocate and which now sees them work more efficiently in their bespoke accommodation.

All of the deals on Castlewood have been a real team effort between developer, James Richards of Clowes Developments, agents, Tim Gilbertson of FHP and solicitor, Heather Dixon of Flint Bishop.  This teamwork and site knowledge has seen the 120 acre site transformed from pasture land into a thriving business location which should now be the pride of the region.

Still with over 60 acres of land available for development, and with the ability to produce for sale or rent bespoke units from 20,000ft² the success story seems likely to continue with any number of new occupiers currently in discussions.  For more information on the Castlewood scheme where design and build property solutions can be provided for potential occupiers on either a leasehold or freehold basis then please contact Tim Gilbertson at FHP on 0115 950 7577 or visit the dedicated Castlewood website.

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