Gloucestershire-based Completely Motoring Group has taken space at Tungsten Properties’ Lime Kilns Business Park in Hinckley, Leicestershire for its new head office and motorcycle distribution centre.
It has taken 37,650 sq ft of space at Unit 14, which is part of a two-unit new development built speculatively. The company took a 10-year lease at a rent of £6.50 per sq ft.
Completely Motoring Group is a company, which specialises in premium used motor vehicles and motorcycles. The building is to be comprehensively fitted out and more than 20 new group staff will be employed once government lockdown restrictions have been lifted.
Robert Ayland, group managing director, Completely Motoring, said: “This is a significant expansion for the group and with plans to hold over 1,000 premium used superbikes in stock it will cement our logistical capability across UK. Recent times have shown that consumers demand efficient delivery of the specialist motorbikes that we stock. Expanding into this central location will allow us to exceed our customers’ expectations while reducing customer lead times and increasing capacity.”
Hinckley is within a prime logistics location just two miles from Junction 1 of the M69 motorway.
Ben Sawbridge, Urban Logistics REIT, which funded the development saidd: “Amidst the uncertainty of Brexit and Covid-19, it demonstrates the resilience of the Midlands’ logistics market.”
Andrew & Ashwell and M1 Agency acted on behalf of Tungsten Properties.