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Tuesday, 13th May 2008

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Vector 31 has pulling power



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Published Date: 02 May 2008
THE Vector 31 development at Wales Bar is continuing to attract small businesses in the region that are seeking room to grow.
Newest occupant, joinery company Gibson-Meeks, has been operating from the home of director, Paul Gibson's for one year and has now taken a 2,585 sq ft work space unit at Vector 31, a development of Network Space Ltd.

Paul said: "Our first year of trading saw great expansion for the company, which brought the need for us to move the operation out of my home and into larger more suitable premises.

"There is a shortage of good business parks in the area we were looking in and Vector 31 was a real surprise. Access and travel is key for us, so its position at Junction 31 of the M1 was ideal. Great security and the quality and good value of the scheme were also major attractions."

Gibson-Meeks is a joinery company that fits out office interiors. Their clients include big names such as Wilson Bowden, Morgan Ashurst, Langtree Group and their new landlord Network Space.

Jennifer Ratcliffe, property manager from Network Space said: "It's great to see flourishing young businesses take occupancy at Vector 31. They now have the room and facilities to enable them to grow and grow, bringing more investment and jobs to South Yorkshire's market place."

lA high profile launch to Yorkshire industrial agents and dignitaries from across the region has recently been held to celebrate the completion of Langtree's second phase of speculative development of Vector 31.

The second phase which forms part of a large industrial development, comprises 6 new industrial units totalling 8,500sq m (91,000 sq ft) ranging in size from 945 to 1,900 sq m (10,200 to 20,200 sq ft).

Glyn Turner, Senior Development Manager at Langtree, said: "Our ongoing confidence to fulfil demand from the South Yorkshire market for high quality, flexible space to suit industrial occupiers which can incorporate office facilities as well as production and distribution has been demonstrated by the second phase of speculative development at Vector 31."

The first phase of 3 units from 1,527 to 3,161 sq m (16,445 to 34,034 sq ft) was completed in November 2006 and was fully occupied within 12 months. Following the completion of the second phase the scheme now totals 15,100 sq m (163,000 sq ft) over an 15-acre site. This phase of the development has already attracted strong interest with a 1,782 sq m (19,180 sq ft) pre-sale to CCPI Ltd.

Vector 31 has been partially funded through a European Regional Development Fund (ERDF) contribution of £3.35 million through the Objective One Programme in South Yorkshire.

To celebrate the opening, all the project partners and guests gathered at the site to take part in a apache rally car competition and the highest scorer, Gareth Allen of Colliers CRE, won £500 worth of Red Letter Days Gift Experience Vouchers.

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The full article contains 524 words and appears in Sheffield Telegraph newspaper.
Page 1 of 2

  • Last Updated: 02 May 2008 10:42 AM
  • Source: Sheffield Telegraph
  • Location: SHEFFIELD, SOUTH YORKSHIRE
 
 
  

 
 

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