A company which manufactures storage tanks is to relocate production from Derbyshire to an all-new site in Nottinghamshire.
CST Industries has agreed to take a bespoke production and office unit of just under 25,000 sq ft at Castlewood Business Park, close to Junction 28 of the M1 in Nottinghamshire.
The unit is currently under construction and the firm will relocate from its current site in Alfreton once the new building is handed over towards the end of this year.
The company behind Castlewood is Clowes Developments, which is based at Ednaston, near Ashbourne.
James Richards, development director at Clowes, said: “This is a major new deal that brings a world-leading operator in its market to Castlewood.
“This is just one of a series of next generation units we are bringing to the business park and look forward to working with CST Industries both now and in the future.
“We firmly believe that demand for best-in-class distribution, logistics, production and manufacturing units in the best locations will remain buoyant during the current year and into 2021.
“When the economy bounces back, we want to ensure we have the right units available to fulfil the needs of companies like CST Industries and other blue-chip businesses looking for the very best locations.”
Rachael Hallam, from CST Industries, said: “This facility gives us a new, more energy efficient building and will also give us an excellent opportunity to streamline our processes.”
A further new 41,000 sq ft manufacturing unit is currently under construction at Castlewood and is set to open in 2021, as well as up to four other new units.
Current occupiers at Castlewood include Co-Op, Bombardier and Parker Knoll.
Tim Gilbertson, from commercial property agents FHP, which is marketing Castlewood, said: “It is always impressive to conclude a deal at any time, but given the current economic circumstances, the continued growth and development of Castlewood is remarkable with a number of further new units planned.”
