Cobalt Developments from Stratford-upon-Avon is creating five new high-quality industrial and warehouse units at South Park off Kineton Road. Tompkins Construction started work on the 2.1 acre Cobalt Centre development on Monday (March 29) with work scheduled to finish in September. The units will range from 5,000 sq ft to 25,000 sq ft. The development will total over 36,000 sq ft and the units will be available for companies to buy freehold. Andrew Wall from Wareing & Company, joint selling agents with Peter Bromwich and Company, said the Cobalt Centre will fill a gaping hole in the market and add further security for workers in Southam.

“The units will satisfy a market demand from companies in the area who want to buy new premises rather than rent,” he said.

“Small or larger businesses wishing to expand can stay in the area by moving to this development instead of re-locating elsewhere, which thereby protects local employment.”

The Mayor of Southam, Cllr Mike Stanley, added that the development would ensure the economy in the town remained buoyant.

“We have had considerable inward investment in Southam in recent years but it is also vital that we offer a home to local companies who are successful and want to expand,” he said.

“This kind of commercial development is key to Southam’s future prosperity and is good news for workers who live and work in the area.”

Tom Bromwich, partner at Peter Bromwich and Company, added:

“We have already had a number of enquiries from businesses in Southam as well as companies interested in moving to Warwickshire."

“The development is ideally located since it is close to Leamington Spa and Warwick, and the M40 links to the big cities in the Midlands and the south east are very close by.”

For further information contact Andrew Wall at Wareing and Company on 01926 430700 or Tom Bromwich at Peter Bromwich and Company on 01926 880448.

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