Manufacturing business Ceramex has taken a 67,000 sq ft unit in Acre Road, Reading – and similar properties are now in short supply.
The firm, which remanufactures parts for filtration systems, has leased Unit 1 from Aberdeen Standard Investments in a deal by Haslams Chartered Surveyors and DTRE.
Ceramex describes itself as an international leader in diesel particulate filter (DPF) cleaning and refurbishment.
Managing director Dr Colin Lewis said: “As early signs of market recovery emerge, we are starting to return to pre-pandemic levels of DPF cleaning volume due, in part, to increased logistics fleet activity.
“As this continues Ceramex is, therefore, delighted to open the doors to its new DPF refurbishment facility in Reading, which will enable the business to service the growing needs of our pan-European customer base.
“With tighter EU emission controls and standard fitment of DPFs, demand for cleaning and refurbishment is on a steady upward trajectory.
“Ensuring that we can handle future customer demand is extremely important to Ceramex, so this significant facility upgrade investment will not only cement our market leading position but also the company’s capability to handle significantly more volume in the coming years.”
Neil Seager, partner at Haslams, said: “The letting to Ceradex shows the industrial property market is not just solely reliant on online retail.
“It is also great for Reading, as not only does it gain the valuable employment but also the kudos of securing a global leader in this specialist industry.
“Whilst good news, it does mean the supply of space has reduced to what are now historically low levels, with the situation not likely to change in the immediate future.
“As a result, rents and values will inevitably increase.”
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