OpTek to expand into 50,000 sq ft at Abingdon Business Park

OpTek Systems has taken a 26,000 sq ft unit at Abingdon Business Park and has begun doubling the space with a mezzanine floor.

The laser processing firm has taken a 20-year lease on Units 1 and 2 at the new Foxcombe development there and will move from Blacklands Way which is also on the park. The additional floor will bring the total space to 50,000 sq ft.

Royal London Asset Management (RLAM) completed the deal on behalf of Royal London Property Pension Fund.

OpTek chief executive Mike Osborne said: “Our growth has been phenomenal – doubling every few years. The increased demand for sophisticated fibre optics and micro manufacturing has exploded with the growth of technologies like 5G, sensors, and nano electronics.

“It is a very exciting time for OpTek and our expansion into a new purpose-built headquarters facility at Abingdon Business Park will enable us to expand our operations further.”

Will Hawking, senior asset manager for RLAM, said: “The site and facilities at Abingdon Business Park are excellent and Foxcombe Court reflects the best in class development philosophy at RLAM.

“It is fantastic that OpTek are expanding and have committed long term on the park. Despite various headwinds to the economy in 2020, we are pleased to have completed a number of significant lettings at the park over the year.”

One 10,000 sq ft unit remains at Foxcombe.

XLB is strategic advisor for Abingdon Business Park. Agents are agents VSL & Partners and Lambert Smith Hampton.

Sign up to receive your free weekly Thames Tap newsletter here.