The original headquarters of Rolls Royce's composite division is set to return to its former use having been the subject of a multimillion pound acquisition by Derby-based advanced composites manufacturer Pentaxia.
The 6 acre site at Alfreton Road, Derby - most recently occupied by Key Joinery, a division of Bowmer and Kirkland – was originally purpose-built for Rolls Royce and the acquisition by Pentaxia means use of the site will now move full circle back to design and manufacture of composite materials.
The deal was negotiated by leading Derby property company Salloway Property Consultants who originally sold Pentaxia their current 27,500sq ft facility at Longbridge Lane, Ascot Business Park in 2008.
The move to Alfreton Road will provide them access to over 70,000 sq.ft of workshop and office space with the potential for further expansion in the future. Stephen Salloway, Senior Partner at Salloway, explained:
"We were aware of Pentaxia from our marketing of Ascot Business Park and knew that their continued success meant they were likely to have a requirement to expand beyond the premises they acquired nearly 10 years ago.
The property market is full of little coincidences and to see this site return back to its former use is one of them. It's been great to do business with Pentaxia again, a company that has emerged as a UK leader in their industry."
Salloway Property Consultants marketed Alfreton Road on behalf of Bowmer and Kirkland Limited, one of the largest and most successful privately owned construction, engineering and development groups in the UK.
Mr Salloway concluded by saying: "Alfreton Road is seeing a rejuvenation with ongoing redevelopment generating interest from occupiers in manufacturing like Pentaxia, Trade-Counter and other sectors. Ivygrove Developments' nearby Eagle Park scheme has already captured Screwfix, Egglestones, Stratstone and S Robinson. Another 50,000sqft is currently under construction with units from 5,000sq.ft. to 15,000sq.ft. being available for lease with strong levels of interest."