New HQ for THB Group
Under a £4 million joint venture, two Midlands property developers are relocating finance and insurance firm THB Group to new, custom-built headquarters at Tachbrook Park, Leamington. The group, which includes leading insurance broker THB Clowes and THB Financial Services, employs 90 staff locally and will move into its new premises next spring.The new state-of-the-art HQ is being developed by Birmingham-based Stoford Developments and AC Lloyd (Holdings). It comprises 20,000 square feet of Grade A office accommodation built on three storeys on a prime greenfield site close to the M40. The completed development will feature an advanced ‘comfort cooling’system together with a staff restaurant and ample parking facilities. Work is already underway on site, with completion scheduled for March 2006.
Paul Dudley, chairman of THB Clowes, said: “Having outgrown our existing site, we decided Tachbrook Park provides the excellent communications, high visibility and prestige working environment we require to support our expanding business.”
Dan Gallagher, Director for Stoford Developments, said: “Achieving an office pre-let on this scale in the current financial climate is a major achievement. It shows that top UK companies are continuing to look seriously at prime sites in the West Midlands to base their headquarters.”
Gordon Nicholls, managing director of AC Lloyd(Holdings) - which opened the one million square feet mixed-use business park 15 years ago – said: “We are delighted to be working with such a well-established developer as Stoford on this landmark scheme. We hope it isthe first of many such joint ventures.”
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