First tenants queuing up to move in
The first three hi-tech tenants are being lined up for a 30-acre industrial development in the countryside.
Management at Bruntingthorpe Proving Ground, near Lutterworth, has teamed up with Westleigh Developments in Whetstone, to start building an Innovation Park next to the former Cold War airfield.
Bruntingthorpe managing director David Walton said: "We've just got planning permission to redevelop our industrial estate, which potentially means 30 acres of land.
"We have got customers lined up for the first three units, and building work is about to start.
SUNDAY OPEN BUFFET EAT AS MUCH AS U CAN £6.99PP & A LA CARTE...View details
Come & Try our Delicious Menu with an Amazing 15% off all Food Bills on a la carte menu only
Terms: Lebanese & Mediterenian Menu With An Amazing 15% Off Your Food Bills on a la carte menu only
Contact: 0116 2169184
Valid until: Sunday, May 26 2013
"We have two blue-chip international companies involved and are in the process of signing pre-let agreements with them."
All three companies – two based in Germany and one in the States – already work together.
Two are involved in manufacturing suspensions for cars, trucks and tanks and the other one designs software for engines. Combined, the businesses will occupy around two acres of land and will be signed to 15-year leases. The three firms will have 50-60 people in the units.
The first new builds will cover 13,000-15,000 sq ft.
Mr Walton said the business park was ideal for companies involved in the vehicle development as Bruntingthorpe's 2 mile test track is right on the doorstep.
The track also offers security and privacy for businesses to test financially-sensitive products.
Planning consent was granted at the start of the year.
He said: "We're not building speculatively, and once this first phase starts we've got three more customers we are close to signing with.
"That means there will be six tenants in the next two years and depending on the size of future units I would have thought we could accommodate 40-50 companies within 10 years.
"Right now it's mostly wasteland with Nissen-type sheds, with some tenants who we will be able to relocate."
Matt Moore, property director at Westleigh Developments, said: "We are very pleased to be working with the team at Bruntingthorpe on the first phase of this bespoke commercial development at Bruntingthorpe Innovation Park.
"This initial stage will see the construction of three modern individually styled units from 13,000 sq ft, with barrel rolled roofs to continue the hangar theme of the existing buildings on site."