A property company responsible for 45,000 homes has taken substantial premises at a Somerset business park.
Spectrum Property Care Ltd agreed a new 10-year lease for unit E4 in the Trade Zone at Commerce Park in Frome.
Property consultancy Myddelton & Major successfully negotiated the lease at an asking rent of £19,000 per annum.
Rachael Ward, a Senior Surveyor at Myddelton & Major, said: “As a premier business park in the region, Commerce Park is continuing to attract companies of the calibre of Spectrum.
“Two new centres are currently under construction to meet increased demand and we look forward to welcoming businesses of all kind to the park.”
Spectrum Property Care’s new warehouse/industrial unit has a ground floor of 2,532 sq ft (235 sq m) and a first floor of 994 sq ft (93 sq m).
The company is a wholly owned subsidiary of Spectrum Housing Group.
It maintains, repairs and improves more than 45,000 homes, responding to the needs of 150,000 social housing residents across the South of England every year.
Rockhaven Developments Ltd is creating two new estates – the New Enterprise Zone and New Trade Zone - on adjacent plots at Commerce Park.
They will deliver a total of 20 high-standard units with 55,149 sq ft (5,124 sq m) of space and will be marketed by Myddelton & Major.
The £4m scheme will boost the local economy by generating upto 100 jobs when fully occupied.
Occupiers on the park include Acheson & Acheson, FedEx, FuturForm and Premier Inn.
