Work is under way at a Daventry business park to construct new £2.3m purpose-built UK sales and service headquarters.
Daventry District Council (DDC) is constructing the 1,760 square metre premises on land it owns off Newnham Drive in Heartlands Business Park for laser systems company Coherent (Rofin-Baasel UK), which will lease the site from the Council for 15 years under the deal.
Following site clearance work in December, the Council’s contractors Conamar Building Services has cleared and levelled the site and laid the foundations for the new premises, which is expected to be completed in July this year.
DDC came up with the design and build scheme for Coherent after it was approached by the company, which has been based in the town for 22 years and was searching for new premises. The build is being funded from the Council’s capital budgets, money that is specifically used to invest in land and property and not spent on the day-to-day running of Council services. Once completed, rental income from the new development will be used by the Council to provide services.
Councillor Colin Poole, DDC’s Economic, Regeneration and Employment Portfolio Holder said: “It’s great news that work has started on developing Council-owned land at Heartlands into a new centre for their UK and Ireland operations.
“We’re delighted to be able to support the company’s relocation to modern bespoke premises that could also accommodate their future expansion if required.
“Our Council has a strong track record of working with local businesses on redeveloping commercial land and property, including the new headquarters for Hi-Force at Prospect Way and for Hambleside Danelaw at Long March.
“These types of projects not only breathe new life into our industrial heartlands but help us to both retain and attract national businesses that prove to be a real boost for our local economy.”
Allan Hardisty, Coherent’s Head of Service for UK & Ireland said: “Our current premises are getting a bit tired and are no longer fit for purpose. It will be fantastic to move into a new facility designed specifically for our needs as a growing business. The new facility will also help to reduce our running costs with state of the art energy efficient design including solar panels. The added extra of the feature window overlooking the old railway line is a nice touch as well.”