Alexander Dennis, the manufacturer of double-decker buses and Britain’s biggest bus builder, has secured a 104,000 sq ft unit and become the latest tenant in Yorkshire-headquartered Eshton Group’s commercial property portfolio.
Grice House, located in Eastfield, sits south of the seaside town of Scarborough. The unit, which has been taken on a 10-year lease, is just a few minutes’ drive from Alexander Dennis’ current location on Eastfield Industrial Estate and will play a key role in the growth ambitions of the bus and coach manufacturer.
With prime industrial space in short supply, Eshton successfully acquired the property with a tenant already lined up, reinforcing the developer’s strategy of investing in commercial properties in markets where occupier confidence and demand are greatest.
Jonathan Chapman, director at Eshton Group, said: “Given the ongoing undersupply of quality commercial space across the region, it comes as no surprise that Grice House received such strong interest, and we’re thrilled to have secured Alexander Dennis as the latest tenant in our roster and in such short timescales following the site’s acquisition.
“The location will prove an invaluable asset to Alexander Dennis and allow effortless transportation of parts and goods from its nearby location at Plaxton Park. As a pioneer in innovation and renewable technology, Alexander Dennis is adding a range of low- and zero-emission buses to its portfolio, with its latest location at Grice House supporting the world leader’s growth aspirations.”
Michael Stewart, group finance director at Alexander Dennis, said: “Grice House adds substantial warehouse capacity to our operation as part of our growth strategy for the business and commitment to the Scarborough area. Working with Eshton Group has allowed us to make this improvement quickly, which further benefits our operations.”
Eshton was advised by Owen Holder of Holder & Co.
