Steelpark estate is filling up rapidly
A multi-million pound trading estate development in Wednesfield is rapidly filling up.
Willenhall digital labels specialist CS Labels is taking a 20,000 sq ft unit om Steelpark Trading Estate.
Commercial property company Goold Estates has also secured another occupier before another unit has reached completion.
The undisclosed occupier has signed a 10-year lease on the 10,000 sq ft unit.
The latest deals to be announced at the trading estate, a 70,000 sq ft speculative development of six industrial units on a 4.5-acre site. It is expected to generate dozens of jobs in the area.
Late last year, it was announced that Kinetrol, manufacturers of rotary pneumatic actuators, had acquired a 7,754 sq ft unit at Steelpark, for an undisclosed sum, to be used by its Powerite division, suppliers of valves, actuators and actuated valve assemblies.
Dominic Goold, director of Goold Estates, said: “This is a high quality development, which has attracted a lot of interest from potential occupiers.
“The latest deal we have agreed highlights the potential that this development offers. It is in an excellent location with great transport connections so we were confident there would be strong demand in the market for the units.”
CS Labels' new premises are double the size of its current home and form part of a £3 million investment programme planned for this year.
The company announced its investment plan ahead of its appearance at the Packaging Innovations showat the Birmingham National Exhibition Centre tolast week.
CS, which produces self-adhesive labels, stand-up pouches and continuous film, has bought the manufacturing facility at Unit 1.
It will enable it to meet increased demand for its products and the investment will also improve productivity further.
The new premises will be purpose designed to integrate the company's new workflow optimisation systems.
CS Labels will complete the move from its current premises on Willenhall Trading Estate, Midacre, in the early summer.
The investment also includes the purchase of new machinery and the development of smart productivity solutions.
It follows the appointment of Adam James as a board member and operations director in December .
Managing director Simon Smith said: “Due to ever-growing demand for digital print we have outgrown our existing unit and I’m delighted with this new investment.
"We will enjoy the increased capacity that is so dearly required now and have designed a new customer demonstration facility which will enable prospects and clients of all business sizes to truly appreciate the power of digital print in action.
"Our staff are extremely important to us and always have been, and we have also designed new facilities with a complete internal fit out. This includes a new board room, new offices with extra dining, kitchen and restroom space, a shower room and an overall fresh and modern working environment.
"We’ve come a long way since our initial 5,000 sq ft space that we moved into in 2004, plus the expansion into the facility next door in 2012, and this is the first time that we have been able to purpose design every single element of our facility."
Mr Smith also hinted that this wasn’t the end of the story.
"Further announcements are due to be made very shortly," he added,
CS Labels is the largest digital label printer in Europe using Xeikon technology. It has been family owned and run since 1976 and employs 50.
The Steelpark Trading Estate gained speculative development finance through Finace Birmingham and the West Midlands Combined Authority Collective Investment Fund. Units vary in size from 7,754 sq ft to 21,450 sq ft.
For more information visit www.steel-park.co.uk or contact Goold Estates on 01922 613131 or email firstname.lastname@example.org