Grayson Thermal expands at Neo Park

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Grayson Thermal Systems has taken on the remaining ten years of a lease on a 42,440 sq ft facility at Neo Park, Wharfdale Road, Tyseley, Birmingham.

It took the assignment from GEA Group at a current rent of £223,000 a year (£5.25 per sq ft) as part of a £4m expansion programme.

The property will hold a new production line for automotive equipment.

Salway Bradbury acted for Grayson while BNP Paribas Real Estate advised GEA Group.

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