Leyland-headquartered manufacturer Tilemaster Adhesives has signed a five-year lease on a 47,500 sq ft warehouse at Eaton Point in Chorley, as the company continues to implement its strategic growth plan.
Eaton Point is a new Grade A development owned by industrial developer and asset manager Chancerygate. The development totals 101,000 sq ft and incorporates 13 other new warehouse and industrial units ranging individually from 3,300-6,630 sq ft. Tilemaster Adhesives’ refurbished warehouse, Unit One, is the largest onsite.
This new unit will be used in addition to the company’s Leyland facility for the warehousing and distribution of tiling adhesives, grouts and flooring screeds. Tilemaster Adhesives was acquired by international green building company Kerakoll in July 2017, and the Eaton Point expansion is part of a strategic growth plan alongside a significant investment in Leyland.
Chancerygate’s latest letting means that 80 per cent of space at Eaton Point has now been sold or let with a another unit under offer just four months after the site’s completion.
Located on Eaton Avenue at Lancashire’s highly regarded business park, Matrix Park, Eaton Point has direct access to junction 28 of the M6 and is near to junction 8 of the M61. Tilemaster Adhesives joins neighbouring occupiers at Matrix Park including Waitrose, Synergy Health, NSG and Bodycare.
Commenting on the expansion, Tilemaster Adhesives managing director, Mark Kelly, said: “The past two years have been an exciting new chapter for Tilemaster and with this new facility we continue to grow at pace. We were very impressed with Chancerygate’s refurbishment at Eaton Point and the excellent tenant service on offer – it’s an attractive new development at Matrix Park. We’ll continue investing in the company’s growth and look forward to a long, successful future at Eaton Point.”
Established in 1995, Chancerygate is one of the UK’s leading industrial property development and asset management companies with offices in London, Birmingham, Warrington and Milton Keynes. The company currently manages £230m of assets across 6m sq ft of commercial space in more than 400 units.
David Tyson, asset manager at Chancerygate, said: “We’ve seen high demand at Eaton Point even before practical completion in October and it’s great to welcome a thriving business like Tilemaster Adhesives to the site.
“We’re pleased to report that nine out of 14 units have been sold in just four months, and I’d encourage other businesses to see what the site has to offer before the remaining units are sold. The development is a result of significant investment, with Unit One requiring a full refurbishment to restore it to Grade A condition. Our success here shows that Chancerygate understands what tenants want and offers a best-in-class service across our assets.”
