Commercial property developers Sladen Estates, in partnership with Peveril Securities, have been appointed to build a new headquarters for Ripley-based firm Tubesheet.
Sladen Estates will design and build the 22,000 sq ft premises for the precision engineering business at Denby Hall business park, which is just off the A38 and A610 near Ripley.
Tubesheet was established in 1985 and has since become the leading player in precision engineered components and the supply of tubesheets and heat exchanger related products in ferrous, non-ferrous and exotic alloys. These types of products are used primarily in the nuclear, power generation and petrochemical industries.
Business is booming and the firm now needs a larger headquarters. The owners picked the Denby Hall site as it has very good links to major roads, such as the M1 at junction 28, and is already home to established names such as Technocargo, Derwent Displays, HL Plastics and DEB.
Chief executive at Sladen Estates Nick Sladen said it was exciting for his firm to be involved with the expansion and development of such a thriving local firm.
He said: “We are thrilled to have completed this deal with Tubesheet and are just about to start work on the development. It is a design and build project of 22,000 sq ft. for the company, on a freehold basis as a relocation and expansion from its existing space.
“It is always encouraging to see local firms growing to the point where they need new, bigger premises – and this is where we come in. We are looking forward to creating a state-of-the-art base for Tubesheet so it can continue to grow and develop as a business.
“It is great to see a local company staying local and creating new jobs in the area too. We now have just two plots left at Denby Hall that can accommodate a 50,000 sq ft and a 100,000 sq ft. building.”
Andy Vaughan of Tubesheet added: “It has been a pleasure working with Sladen Estates and Peveril Securities and the build is on time. We are very excited to move into our new home as scheduled in July. Our business is developing rapidly and we need a bigger, better building to work from for now and for the future – which is exactly what Sladen Estates are delivering.”
Tubesheet supplies customers across the globe, with over 65 per cent of its business being direct export.
Work on site is expected to be completed in June and the building will be handed over in July.