Tungsten Properties, the industrial and warehouse developers, has relocated its HQ to Leicester and appointed Luke Davenport as associate development director to bolster the development team, taking its team of development managers to six.
Founded in 2005, Tungsten Properties has been previously based in Hinckley, Leicestershire since 2006 when the firm was just two people strong.
Today the company now totals a team of 10 with a current work in progress pipeline of 31 projects which total 6.1 million sq ft, and which span from Merseyside to East Sussex.
Due to the company’s rapid expansion, Tungsten Properties has taken 4,702 sq ft (436.82 sq m) at Gateway House, Penman Way, Grove Park in Enderby, Leicester on a 5-year lease from Custodian REIT.
Luke is an experienced development surveyor and has joined from Henry Boot Developments where he has worked for nearly ten years on projects which include Butterfield Business Park, Luton and Airport Business Park, Southend.
Jeff Penman, Managing Director, Tungsten Properties, said: “There’s no getting away from the current and exceptionally high demand in the industrial and warehousing market. In the last few years, our business has seen rapid growth as we have built our development pipeline with some innovative projects under our belt creating both jobs and providing investor returns. We warmly welcome Luke to our team. His depth of experience and sector knowledge will be an invaluable addition.
“Our move to Leicester represents a significant milestone in our evolution and, with purposefully designed new space, it’s a great place for our team to continue to thrive and a place to warmly welcome our investors, agents, suppliers and friends. My thanks to everyone who has been part of this journey and here’s to the next chapter.”
Jenny Clarke acquired the space on behalf of Tungsten, with Mike Allwood of Andrew & Ashwell acting for Custodian REIT. Vision Projects completed the fit-out on behalf of Tungsten Properties.
