Construction is underway at industrial warehouse development, Tungsten Park, south of Crawley, following the pre-sale of one of its planned units to Pets Corner.
Acting on behalf of Tungsten Properties, we were appointed with joint agent SHW to market the 83, 965 sq.ft development to secure occupiers to kick-start the scheme in 2019.
The pre-sale agreement with Pets Corner will see it acquire a 43,000 sq.ft. unit at the Park, which began construction in January and is due to complete in Q3 2019.
Stephen Oliver, partner in our Crawley office, said: “We are pleased to have assisted Tungsten in marketing their development to potential occupiers, like Pets Corner, who are seeking opportunities for high quality industrial and warehouse property in the area.”
Pets Corner was looking for a strategically positioned facility, close to good transport links which could meet not only their building specification, but also their ethical business values.
Simon Forest, Property Director at Pets Corner, said: “We have been looking for a suitable freehold warehouse facility for about five years and were surprised by the real lack of opportunities in this part of Sussex.
“Most developers sadly seem more interested in building houses but businesses like ours need to be able to grow and provide jobs for the people who will be living in those houses. Fortunately, with the help of Vail Williams and SHW, we were able to secure our building off plan and we look forward to taking possession later this year.’’
With planning for a variety of units ranging from 13,000-83,960 sq.ft., Tungsten Park will begin phase 2 of development later in 2019.
Jeff Penman, Managing Director at Tungsten Properties, concluded: “We are delighted to welcome Pets Corner as a pre-sale to our Handcross scheme, which due to a dearth of industrial/warehouse supply in the Mid-Sussex area, followed an extensive search to find a suitable site.”
We are also delighted to confirm that our clients have this month exchanged contracts on the last 3 units on a sale to investor Martins Properties with construction to commence shortly.
Tungsten Park is prominently located adjacent to the A23/M23 just south of Crawley and provides great visibility, profile and access to the A23/M23 and national motorway network.
Access to the site is from a newly formed side road from the Warninglid A23 junction providing access both north and south.
A timelapse camera is providing daily updates on the industrial build due to complete in July 2019.
For more information or to request a copy of the marketing brochure, please contact partner, Stephen Oliver.