A global giant in pharmaceutical logistics has described Kidderminster as the ideal location for its latest distribution centre, which takes their UK warehouse area to over 50,000 sq m (almost 550,000 sq ft).
O&M Movianto Europe, part of US-based Owens & Minor Inc, headquartered in Richmond, Virginia, counts the NHS as its largest UK client and aims to be the preferred European healthcare solutions partner.
Movianto has leased the 27,630 sq ft (2,567 sq m) Unit 2 Finepoint from Gemini Properties (UK) Limited in a deal brokered by strategic Chamber member Halls Commercial.
Halls Commercial agency partner Richard Tomlinson said: “Unit 2 Finepoint is an excellent quality building, as new, with a large yard, so we had lots of interest from potential occupiers.”
Kidderminster complements Movianto’s three existing UK warehouse locations in Bedford, Belfast and Knowsley, providing temperature-controlled ambient and cold storage, controlled drugs and frozen storage, enabling them to deliver for the NHS and even directly to patients’ homes.
Movianto finance director David Tinsley said: “There is a real lack of high quality industrial buildings anywhere within easy reach of the M5/M42 corridor, so the Finepoint unit and the approach of Wyre Forest in making Kidderminster attractive made it the ideal location for expanding our distribution network.”
Gemini Properties director Nick Jethwa said they were always on the lookout for commercial properties that can add value as the perfect premises to support the development of tenant businesses.
He said: “We are able to purchase complex sites and properties quickly and are actively looking for development and investment opportunities in both commercial and residential sectors across the UK.”
Finepoint was built in 2008 when Wyre Forest District Council (WFDC) moved to new purpose-built council offices nearby.
WFDC created the South Kidderminster Enterprise Park around the site to attract new businesses to Kidderminster with a Local Development Order to simplify the planning process and encourage new entrants to the area and existing businesses to expand their operations.
The most recent phase of construction at Finepoint comprises the ContinU Plus Academy, together with a new warehouse and manufacturing facility for Oakleaf Commercial Services; part of the Community Housing Group – showing along with the council offices, WFDC's confidence in and commitment to the area.
A £12 million development has begun on the adjacent 13-acre former Romwire site to build an international manufacturing centre for Specsavers in two industrial units covering 77,000 square foot which will create more than 200 jobs over the next five years.