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Plumbworld picks Asparagus Point, Evesham

Tuesday, 26 November 2019

Plumbworld picks Asparagus Point, Evesham

Asparagus Point on Vale Park in Evesham is fully occupied following the letting to online bathroom retailer Plumbworld. 

Online Home Retail Limited, trading as Plumbworld, has agreed a new ten-year lease on 39,100 sq ft with landlord Hortons’ Estate Limited. 

The new unit, which is close to Plumbworld’s existing base on Enterprise Way in Evesham, will be used for storage and distribution and enable the company to expand its operations. 

Plumbworld joins existing occupier Squab, which opened a new 15,000 sq ft facility at Asparagus Point earlier this year. 

Richard Norgrove, property director at Hortons’ Estate, said: “Just months after construction of the units at Asparagus Point were completed, we’re extremely pleased the park is fully occupied, justifying our decision to speculatively build the scheme.”

Mark Satterley, finance and operations director at Plumbworld, said: “Moving into Asparagus Point will allow us to handle much more of our product fulfilment in-house, reducing our reliance on our third party logistics partner. This will be fantastic for our service proposition to our customers. The facility will give us a great platform to continue to grow over the next few years. Everyone at Plumbworld is delighted by this acquisition.”

Joint agents PAI member Fisher German and Harris Lamb advised Hortons’ Estate on the letting. Paul Rabbette Ltd acted for Plumbworld. 

Rob Champion, partner at Fisher German’s Worcester office, said: “We are very pleased to have secured the letting on behalf of our clients Hortons’ Estate Ltd.

“We were able to provide a comprehensive marketing campaign which caught the interest of Plumbworld, which was looking to find larger premises.

“This is an ideal move for Plumbworld as it will allow their business to continue its rapid expansion, and we’re looking forward to seeing them move in.”