Coffee machine manufacturer Evoca has agreed a 15-year lease on a 40,000 sq ft unit at Prime Point, a £1.5 million speculative development in the West Midlands.
It will be the first move in the 85-year history of the UK operation at Evoca, which has been based in nearby Bilston since 1934. UK managing director Hervé Donneaud said its existing site was no longer suitable for its current operations.
“Re-locating from a traditional factory environment will allow the company to offer an enhanced service to our customers as well as improving efficiency by streamlining the internal work processes and improving access for inbound and outbound transport logistics,” he said.
Prime Point is the first speculative building project by national commercial property and investment company LCP since 2014 and is located in the Pensnett Estate in Kingswinford.
Paula James, industrial lettings manager at LCP, said the deal with Evoca means that phase one of the scheme, which comprises four units with a total of 130,000 sq ft of space, is fully let.
“We embarked on our ambitious speculative development of Prime Point because we knew there was a real need for premium quality industrial units of this size in the area,” she said.