Wolseley HQ Nears Completion
A topping out ceremony marked the completion of external building works at Wolseley UK’s spectacular new office head quarters at Spa Park,Leamington Spa.The 63,250sq ft complex – a joint venture between Merrill Lynch Investment Managers and Stoford Developments - has been developed for Wolseley UK Limited, the UK’s leading distributor of building and plumbing products, and occupies a prime 6 acre site on Spa Park, Tachbrook Road.
Last year, the £10.9million transaction was considered to be the largest out of town office deal within the Midlands region.
Dan Gallagher, Development Manager for Stoford, the Birmingham-based design and build specialists said: “Everything has gone according to plan and we are absolutely delighted with the outcome. The headquarters is a stunning new landmark building befitting the profile of such a major company.”
Marcus Sperber, Director of Merrill Lynch Investment Managers added: “We are delighted to be providing Wolesley with a landmark headquarters building at Spa park.Wolseley’s decision to relocate their business here and their commitment to achieving a high quality product further underlines the attractiveness of Spa Park to occupiers”
Wolseley’s building programme is continuing on an adjacent 18 acre site, where construction is due to start on Wolseley’s massive new 340,000sq ft National Distribution Centre scheduled for completion next Spring. The site has been purchased from Merrill Lynch Investment Managers for a turn key design and build solution to be implemented, for a sum in excess of £8 million.
It is part of an ongoing £100 million investment programme that will further increase the capacity of Wolseley's UK distribution network through its 1,500 branches, which include the Build Center, Climate Center and Plumb Center chains.This process will involve a roll out of new distribution centres across the country with the Spa Park site being the central hub.
Adrian Barden, Managing Director of Wolseley UK said: "Spa Park is a high profile location, and its accessibility to major motorway networkswas a key factor in our decision to relocate and centralise our business activities here. Logistics and supply chain management are the heart of Wolseley's business. The investment at Leamington Spa will allow us to continue to meet rising customer demand, while helping to eliminate waste from the construction supply chain"
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