A leading Midlands-based commercial property advisory has helped to protect nearly 300 jobs across the region.
In a significant deal what will see the pioneering, railway company, Vivarail move its main manufacturing base to a new location at Southam – near Leamington Spa.
The deal was brokered by the commercial property agency, Bromwich Hardy, and Partner Andrew Cosnett, who said that the moe underlined the Midlands’ key role as the manufacturing centre of the nation.
In a statement released earlier, Andrew said: “This deal will safeguard around 250 jobs and shows just how important the region is as a centre of manufacturing excellence and innovation,”
Vivarail, who are pioneering the development for emission-free trains, will be moving into a 37,000 fully refurbished unit at Kineton Road Industrial Estate from their previous home at Long Marston.
Commenting on the deal, a spokesman for Vivartail said: “Vivarail is delighted with its new facilities at Southam and looking forward to establishing its new manufacturing base. Our fleet of trains for the Isle of Wight will be built at Southam, along with all future orders.
“The new premises are close to our current base at Stratford-upon-Avon and have made
for easy staff relocation, as well as beginning to create new local jobs.”