Sealey, one of the largest suppliers of garage and workshop equipment in the UK, has bought a 7.5-acre site at Suffolk Park, Bury St Edmunds, Suffolk, for expansion.
The company employs 400 people and already occupies in excess of 440,000 sq ft of property around Bury St Edmunds. It has made this strategic acquisition to facilitate future growth and will be working up a planning application for a new facility in the near future.
Ben Oughton, development director at Jaynic the developer of Suffolk Park, said: “The Sealey acquisition is good example of the strong interest being shown by both local, regional and national occupiers, in Suffolk Park, which is adjacent to the A14 with its excellent links into the national motorway network.”
Mark Sweetman, managing director of Sealey, said “We are focused on continuing the growth of our business and this acquisition will enable us to expand our property footprint in line with our strategic plans. We are excited about what the future holds and the additional employment opportunities that will be created locally.”
Councillor John Griffiths, Leader of St Edmundsbury Borough Council, said: “It is great to see that our work to secure the Eastern Relief Road and with it the availability of land to expand, has meant that another one of our successful local businesses is able to not only plan for its future growth, but in so doing, is also able to further strengthen its commitment to this wonderful part of West Suffolk. In the long term this is about helping businesses grow and create new jobs, new skills and greater opportunities for the communities that we represent. So we welcome news of this sale and we look forward to looking at the detail of the planning application in due course.”
Suffolk Park already has planning consent for up to 2m sq ft of logistics, manufacturing and business space. Treatt another major Bury St Edmunds company has bought a 10-acre site on Suffolk Park’s enterprise zone for its global headquarters, the new major estate road and landscaping have been completed this month and Jaynic, in partnership with major global financing institution PGIM, is developing two major speculative logistics units totalling 350,000 sq ft to cater for known demand in the region.
The development is part of a broader initiative with St Edmundsbury Borough Council and housebuilder Taylor Wimpey to support a range of new and existing businesses in the popular Bury St Edmunds area and to continue to create jobs and prosperity.
Agents for Suffolk Park are Global Real Estate advisors Savills and local agent Hazells.