Certas Energy to relocate to Prime Point
23 Oct 2018
Britain’s largest independent distributor of fuels and lubricants for business and homes is relocating its Midlands operation to Prime Point, the multi-million pound speculative industrial and warehouse development in the Black Country.
Certas Energy is the third major occupier to announce its move to the multi-million pound speculative development, which is being built by national commercial property and investment company LCP at its flagship industrial estate The Pensnett Estate, in Kingswinford.
It has agreed a 20-year lease for Unit D, a 40,000 sq ft unit, from where it will undertake its distribution and operational work to meet growing demand.
Earlier this year, ERIKS, Europe’s largest industrial services company, announced it has agreed a 15-year lease on a 30,000 sq ft unit at Prime Point, while International Piping Products (Europe) Ltd has agreed a 10-year lease on a 21,740 sq ft unit, where it is manufacturing bespoke fasteners and machined components predominantly for the oil and gas, power generation and aerospace industries.
The Black Country Local Enterprise Partnership (BCLEP) has been supporting LCP with the development. Prime Point sits within DY5, Dudley’s business and innovation enterprise zone, which qualifies occupiers for benefits, including up to £55,000 a year business rate discount over a five-year period.
LCP’s appointed agents, Bulleys and Lambert Smith Hampton (LSH), have been working with the company to attract new businesses to the area and talks are progressing with a number of interested parties on the remaining unit C ,which is 40,000 sq ft.
The Pensnett Estate is one of the largest secure business estates in Europe, and home to 160 businesses in over 2.4 million sq ft of commercial property. Three years ago, LCP invested £1.5 million in Progress Point, a speculative development on the estate comprising 21,000 sq ft of high quality warehouse and industrial space.
For details about Prime Point, contact Paula James on 01384 400123 pjames@lcpproperties.co.uk, or agents Matt Tilt, of Lambert Smith Hampton, on 0121 237 2347 or James Bird, of Bulleys, on 01902 713333.
Read LCP Properties full news release.