German auto parts specialist Herth+Buss completed the entire first phase, totaling 17,500 square feet, at Dreadnought Business Park, Dudley.
The company, which specializes in vehicle electricals and the supply of spare parts for Japanese and Korean cars, signed a ten-year lease on two contiguous units with owner Dreadnought Developments, a subsidiary of Hinton Perry & Davenhill.
Herth+Buss is the first tenant of the new business park, which has been developed by Antringham Developments on behalf of Dreadnought Developments.
Alex Patrick-Smith, Managing Director of Hinton Perry & Davenhill, said: “We are very pleased to have secured our first tenant at Dreadnought Business Park, justifying our decision to redevelop the excess land adjacent to the factory to provide space essential industry. in the Black Country.
Tim Blairs, Managing Director of Antringham Developments, said: “Since announcing our plans for the new business park, we have received considerable interest from potential occupiers, such is the demand for space. In the region. With other design and build units available, we hope the addition of Herth+Buss will attract other companies to the park.
Dreadnought Business Park occupies a 2.4 acre site on Dreadnought Road, adjacent to the Dreadnought Tiles clay roof tile factory, owned by Hinton Perry & Davenhill. It is close to Pensnett Trading Estate, one of Europe’s largest freestanding industrial estates and home to around 200 businesses. The remaining land at Dreadnought Business Park has a planning agreement for further design and construction units.
CBRE property consultants advised Dreadnought Developments on the rental.
Luke Thacker, Associate Director at CBRE, said: “Dreadnought Business Park is within the DY5 Business and Innovation area of Dudley, which means Herth+Buss has been able to take advantage of the financial incentives it currently offers, including including a significant reduction in business rates. This was a major factor in Herth+Buss’ decision to move to the business park.