HBM nCode, the leading brand of fatigue and durability software, has taken new commercial space on the Advanced Manufacturing Park (AMP) in Rotherham.
With reports showing that 50-90% of all structural failures are due to fatigue failure, HBM nCode supplies leading names including General Motors, Chrysler, Bombardier and Lockheed Martin with technology and software products for durability and performance analyses.
Shortly after moving from Sheffield onto the AMP, nCode was acquired by German company, HBM in 2008, in a deal thought to be worth around £20m. The company has grown through further acquisitions and now occupies 3,640 sq ft of workshop space in the AMP Technology Centre, with a further let taking up 3,640 sq ft of space.
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The 32,000 sq ft state-of-the art facility opened earlier this year as part of the park's incubation space. Landowners, The Homes & Communities Agency (HCA), took on the assets from Yorkshire Forward and contracted managing and commercial agents, Creative Space Management to run the centre which recently celebrated the tenth anniversary since it opened.
The new building is now more than 80% let just six months since its launch, with MetLase, the joint venture between Rolls-Royce and Unipart Group, taking 10,000 sq ft and Runflat CBR, a company which is set to revolutionise the global runflat industry, has expanded from its previous office at the neighbouring centre, taking up almost 5,000 sq ft.
Tenants were driving for units of approximately 2,000-3,000 sq ft of serviced workshop with accessibility to office space units of 1,000-2,000 sq ft which are currently taken at the present two buildings at the Technology Centre.
Paul Taylor from Creative Space Management, said: "Achieving 80% occupancy within six months of the building's launch is proof that we've created exactly the right product for the specialist market here. The development is fulfilling its intended purpose which was to give companies from the neighbouring AMP Technology Centre, where we have also maintained almost 100% occupancy, the opportunity to expand into larger premises, as well as to attract high technology companies from further afield."
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