News: First tenant for Magna 34 in Rotherham

Magna 34 Business Park has secured its first industrial occupier just weeks after phase 1 of the Rotherham regeneration scheme was completed. Grayson (GB) Ltd has purchased 7,500sq ft of industrial accommodation over 3 units for an undisclosed sum. Grayson represented themselves and GVA Grimley, joint agents on Magna 34 with Knight Frank, secured the deal for the Magna 34. Grayson (GB) Ltd supplies fixings, fasteners and consumables to the construction industry and local authorities across the UK. This established business is relocating from leased accommodation at Centurian Business Park in Rotherham and will be fully operational at their new Magna 34 units by the first quarter of 2009. Clare Spivey, Graysons General Manager, said; "Grayson (GB) Ltd is a start-up business and in the two years it has been trading has experienced rapid growth in a challenging market. In line with our recent expansion plans, we have been looking for accommodation to purchase which can accommodate the growing product lines and staff numbers. Therefore we were not only looking for high quality, well positioned workable space but also a good investment opportunity. Magna 34 met all our criteria and we are looking forward to continued business success in our new location." Eldon Stevens, Property Manager for Loxley and Property joint venture developer on Magna 34 with Jaguar Estates, continues; "We have always been sure of the success of Magna 34 as an office and industrial location and this early deal confirms that our initial confidence was justified. The property industry is experiencing challenging times but deals such as this prove that if you have high quality stock in the right location at the right price, there will always be a requirement."
Grayson website

Magna34 website
Rotherham