Monday, February 15, 2016

News: Timber Garden Buildings invests £1.3m in new Rotherham site


Rotherham manufacturer, Timber Garden Buildings Ltd, has secured a new 152,000 sq ft site in the borough by purchasing the former home of KP Nuts in a £1.3m deal.

Established in 2007, TGB is already based at Eastwood where it manufactures sheds, summerhouses, playhouses, garages, kennels, storage units and bespoke special buildings.

Supported by financial incentives from Rotherham Council and £1.5m from the Regional Growth Fund (RGF) via the Sheffield City Region Local Enterprise Partnership, KP Snacks moved across the borough in 2014 to a new £16m facility at the 141,000 sq ft Hellaby 140 development. KP began life in 1853 selling sugar, confectionery, jams and pickles. Production of KP Nuts began in Rotherham in the 1940's and the Eastwood factory produced around 140 million packs of nuts each year.

Prospect Estates, a property investment and development company based in West Yorkshire, acquired the Chesterton Road property which covers 4.8 acres and comprises of three units at approximately 32,000, 42,000 and 910,000 sq ft with six dock-level loading doors, approximately 32,000 sq ft of offices, canteen, gate house and large loading and car parking area.

Graham Vernon, managing director of Timber Garden Buildings Ltd (pictured, left), said: "The Chesterton Road site is perfectly positioned for our operations and enables us to expand the business through a more suitable manufacturing base and distribution set up.

"The decision to purchase the entire site was helped by the efficient legal advice from Wake Smith and marks a significant landmark in the development of our business."

With Wake Smith Solicitors completing the legal work for Timber Garden Buildings Ltd and Addlestone Keane Solicitors acting for Prospect Estates, the deal saw the Sheffield office of Knight Frank conclude the sale. The purchase was financed by HSBC.

Ben White, senior surveyor at Knight Frank (pictured, centre), said: "We originally acted on the sale of the Chesterton Road site to Prospect Estates when it was disposed of by KP Nuts.

"And we further assisted Tim Whittaker at Prospect Estates by subsequently letting the units to Royal Mail for approximately three months before the recently completed sale to Timber Garden Buildings Ltd, so we have been on quite a journey to reach this point."

Tom Weightman, solicitor at Wake Smith (pictured, right), added: "We were appointed to handle the legal aspect of the Chesterton Road site sale on behalf of Timber Garden Buildings and saw this as a great project which has enabled our client to reach new operational standards and retaining a South Yorkshire base."

TGB Sheds website

Images: Knight Frank


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