Developer Cedar House Investments has sold another unit at its five-and-a-half acre mixed-use development in Tamworth.
Unit three of Hamel House, on the Calico Business Park, has been sold to local insolvency practitioners, Arrans Limited which is relocating from its existing premises within Tamworth Executive Business Centre in Silver Street.
Agents for the sale of the 1,860 sq ft office facility were Tamworth-based Calders Chartered Surveyors.
Calico Business Park occupies an excellent location on the outskirts of Tamworth at the heart of the motorway network, just two miles from both junction 10 of the M42 and A5 interchange and the town centre.
The mixed-use scheme comprisesoffices, a modern warehouse and industrial space designed to meet modern business requirements.
Only three units now remain, all of which are available for sale or rent.
Chris Carlisle, managing director of Cedar House Investments, said: “Calico Business Park provides opportunities for indigenous growth within the area, as well as attracting inward investment from businesses further a field who are looking to relocate to Tamworth and we are delighted to welcome Arrans to the development.”
Despite the current economic climate, development work is continuing at schemes in Ashby, Northampton, Corby and Stoke-on-Trent, together with the 35-acre former Nestlé site in Ashbourne, Derbyshire.
The company is also transforming the five hectare former Bombardier works on Pride Park in Derby in a £50 million mixed-use development.