Thursday, September 22, 2011

News: Eldon's commitment to Rotherham is a positive sign for the local economy


Eldon, a leading manufacturer of enclosure systems, has taken a new ten year lease on their premises at Hellaby in Rotherham.

The 90,500 sq ft property at Rother Way is leased from Chancerygate Asset Management at an initial rent of £270,000per annum with fixed annual uplifts.

Eldon were represented by Colliers International and Chancerygate Asset Management were represented by GVA.

Rob Oliver at GVA said: "Eldon Electric's existing lease was due to expire in April 2012. Both parties wanted longer term certainty of occupancy, and the deal agreed works well for them both.

"Eldon manufacture electrical and telecommunications cabinets, and can now invest in the site for the medium term. We are seeing improving levels of interest from manufacturers for premises in this area, which is a positive sign for the local economy."

Eddie Cook, managing director of Chancerygate Asset Management, added: "We are delighted to have completed a new long term letting of this unit. We work closely with our tenants, and try to understand their specific business needs and circumstances.

"We are delighted to conclude this new lease with Eldon in a challenging occupational market."

Opened by the Swedish firm in 1985, the Rotherham plant is devoted to the extensive range of stainless steel enclosures were small teams working in dedicated cells make production both flexible and reactive. They specialise in enclosure systems and control cabinet, server cabinet and electrical cabinet systems. The facility uses the latest 3D CADCAM technology to produce one of the largest range of standard sized enclosures in the market.

Eldon website

Images: Chancerygate Asset Managemen


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