GVA has completed the letting of a refurbished Grade A office building in Warwick to leading heating and building products distributor, Wolseley.
Wolseley will be relocating its UK head office from nearby Leamington Spa to the 32,912 sq ft Two Kingmaker Court at Warwick Technology Park. Representing the full building, the lease has been agreed on a ten year term.
The move follows the comprehensive refurbishment of the building which has included installation of suspended ceilings, LED lighting and a new air conditioning system.
Combined with its flexible design, Two Kingmaker Court is one of the highest-specification out of town office spaces in the region.
GVA acted jointly with Savills on behalf of private investor landlord, with CBRE acting for Wolseley in completion of the deal.
Adrian Griffith, Director at GVA, said: “Two Kingmaker Court has been refurbished to a specification which sets the standard for office accommodation in the region and to find a tenant of the calibre of Wolseley to let the whole building makes for a fantastic match.
“Warwick Technology Park is an established location which benefits from its proximity to the amenities in Warwick town centre, as well as easy access to the M40 and the wider motorway network.
“We received high levels of interest in this building, which came as no surprise. Office take up in the region has remained at a strong level and opportunities to secure a space of such high quality are rare.”
Wolseley provides a daily delivery service to over 800 branches in the UK from its four distribution hubs in Melmerby, Worcester, Measham and Milton Keynes as well as its national distribution centre in Leamington Spa.
Tim Matthews, Property Director at Wolseley, said: “Two Kingmaker Court is the perfect space for us to create the next chapter of our business. We wanted an office location which would be oh high quality, in a prime location and allow us to stay in the region, and this property ticked all of the boxes.
“We’re looking forward to making Two Kingmaker Court the home of our UK Head Office.”
Liz Bailey, senior surveyor in CBRE’s office agency team in Birmingham, advised Wolseley on the letting.
She said: “Given the severe shortage of office space in Warwick, we’re pleased to have been able to secure the letting at Two Kingmaker Court on behalf of Wolseley.”
Two Kingmaker Court is located at Warwick Technology Park, approximately one mile from Warwick town centre.