Tuesday, May 6, 2008

News: Vector 31 shows strength of region


Following the offical launch of phase 2 of Langtree's Vector 31 commercial development at Wales Bar, Rotherham, the park has welcomed its newest occupant, joinery company Gibson-Meeks. Director Paul Gibson said: "There is a shortage of good business parks in the area we were looking in and Vector 31 was a real surprise. Access and travel is key for us, so its position at Junction 31 of the M1 was ideal. Great security and the quality and good value of the scheme were also major attractions." Gibson-Meeks is a joinery company that fits out office interiors. Their clients include big names such as Wilson Bowden, Morgan Ashurst, Langtree Group and their new landlord Network Space. Jennifer Ratcliffe, property manager from Network Space said: "It's great to see flourishing young businesses take occupancy at Vector 31. They now have the room and facilities to enable them to grow and grow, bringing more investment and jobs to South Yorkshire's market place." Knight Frank, agents for Vector 31, has seen the 72,000 sq ft phase one of the development fully occupied through lettings or sales within 12 months and phase two now completed, offering six more units ranging from 10,166 to 20,190 sq ft. Rebecca Schofield, of Knight Frank, said: "The historic provenance of this site has evolved into a great success story for South Yorkshire, and is now a strategic location for many businesses looking for quality accommodation combined with good transport links and an easy accessible labour supply."Advances in the industrial market along South Yorkshire's M1/M18 corridor have demonstrated confidence in the market for small to medium sized units, with healthy demand for the quality of units such as those provided at Vector 31."
Vector 31 website
Construction Mall article
Sheffield Telegraph article


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