The premises at Stephenson House on Stephenson Way, Thetford are set on a 2.85 acre site which have been acquired by Advanced Air UK Ltd - whose principal site is also in the Norfolk town - for use as additional manufacturing, assembly and warehouse space, as well as supplementary offices, staff areas and parking.
The strategic acquisition of Stephenson House comes at a time of significant expansion for Advanced Air UK Ltd and is one of several investments the company has made in recent months which include new equipment and personnel.
Commenting on the transaction, Andrew Sargent, General Manager of Advanced Air UK Ltd, said, “The acquisition of Stephenson House gives us the opportunity to bring more jobs to the area and allows us to further expand our product innovation, testing and manufacturing capabilities to meet the growing demands of the air distribution and fire safety industries.”
Simon Burton, Director, Barker Storey Matthews, added, “Investors and occupiers have a very positive view of Thetford’s industrial property offering.
“Stephenson House offered a rare opportunity to acquire freehold industrial premises with good transport connectivity and was ideally situated for the expansion of an important local employer.’’
“We’re delighted to have acted for our client in the sale of the premises to such a high profile local company whose business is going from strength to strength.”
For more information on the availability of industrial property, contact Simon Burton at Barker Storey Matthews in Bury St Edmunds, tel 01284 715005, firstname.lastname@example.org or see bsm.uk.com.