Robert Hitchins acquires warehouse at Stroudwater Business Park

By Nicky Godding

21 February 2024

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Unit 5 Brunel Way

Developer Robert Hitchins has acquired a 25,000 sq ft warehouse in Stonehouse which it intends to refurbish and offer to the market on either a freehold or leasehold basis.

The Gloucestershire developer negotiated the purchase of Unit 5 Brunel Way in Stroudwater Business Park as part of a wider transaction which also involved partnering with Greiner Bio-One to develop a new purpose-built 53,500 sq ft facility at RHL’s nearby Stroudwater 13 Business Park.

The new facility enabled Greiner Bio-One to double its warehouse capacity and, in turn, grow its business in the UK.

Refurbishment works on Unit 5 are currently under way and the building, which encompasses a generous car park and yard, will be available for occupation from next month.

Michael Plimmer, Senior Development Manager at Robert Hitchins, said: “We were delighted to be have been able to provide Greiner Bio-One with modern, state-of-the-art facilities, giving them the platform to significantly grow their UK business and to stay in the local area.

“By agreeing to acquire Unit 5 at the same time as constructing the new facility it also provided Greiner with cost certainty on their exit and enabled a seamless transition to the new facility.

“It was a great example of developer and occupier being pragmatic and working together in partnership to deliver an outcome that worked for both parties.

“We are delighted to have acquired Unit 5: there are not many buildings of this size available in the local area and we are confident that once refurbished it will appeal to both local and national businesses wanting to set up in the area."

Unit 5 in Brunel Way provides a modern warehouse with two-storey office accommodation with storage space on a self-contained plot which sits just off the A419, close to J13 of the M5. The agent is Alder King.

By Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.