Monday, November 18, 2024

Stage set for Phase II as final unit let at Wymeswold Business Quarter

Specialist commercial agents Mather Jamie have completed the letting of the last available unit in Phase I of the Wymeswold Business Quarter development.

Having been involved throughout the process from initial site acquisition, sale of all the units and subsequent lettings of these units, the completion of Unit 8 marks full occupation of the successful first phase.

Wymeswold Business Quarter is a purpose-built industrial hub designed to cater to modern business requirements. Phase I introduced 20 industrial units offering flexible spaces ranging from 1,900 to 12,000 sq ft.

Mather Jamie worked closely with The Prince Group, the owners and developer of the site, guiding the project from its initial planning stages through to completion and marketing. The final letting of Unit 8 to Revive POS signifies full occupancy of Phase I.

Kenny Whomsley, Managing Director and Founder at Revive POS, said: “Taking occupancy of our new office and warehouse is a pivotal moment for us. Our new location allows us to streamline our supply chain, scale up our offerings, and continue innovating to meet the evolving needs of our customers. This facility represents our commitment to quality, service, and sustainability as we grow.”

With Phase I fully occupied, attention now shifts to Phase II of Wymeswold Business Quarter. The next phase will feature 20 additional high-specification industrial units, ranging from 2,195 to over 5,000 square feet, with completion targeted for Q4 of 2025.

Fraser Hearfield, Commercial Surveyor at Mather Jamie, said: “Wymeswold Business Quarter has provided much needed new build industrial and warehousing units into the local Loughborough Market, and it’s rewarding to see Phase I reach its completion. We are excited to advance into Phase II, providing much-needed commercial space that will continue to support business growth in the region.”

The development has already contributed to the local economy, creating 95 jobs in the area. Phase II is expected to generate an additional 80-100 employment opportunities, further boosting the local community.

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