Security for the long-term future
Published:
Master Abrasives, which was founded in 1967 and serves sectors including aerospace, automotive, the medical industry and power generation, is continuing to operate from the High March industrial estate in Daventry after Tetra Real Estate, part of the Wigley Group, acquired the freehold of the site.
The 22,355 sq ft facility at 1–3 High March includes offices, warehousing and production space across three buildings on a large site fronting the A45, providing the infrastructure needed to manufacture and distribute a wide range of abrasive products.
After briefly owning the freehold itself, Master Abrasives opted for a sale-and-leaseback arrangement to retain security of tenure while allowing the business to focus investment on its core manufacturing and distribution operations.
Paul Batson, managing director of Master Abrasives, said the deal had given the business confidence about its future at the site.
He states: “This agreement gives us the stability we were looking for and allows us to concentrate on what we do best without worrying about managing the property ourselves.
“Working with Chris Parsons has been a really positive experience. It feels like a genuine partnership and having a landlord who understands manufacturing businesses and is based locally makes a huge difference to us.”
Chris Parsons, managing director of Tetra Real Estate, felt the strength of the relationship was a key positive to the deal. He says: “Master Abrasives is a business with an impressive history and a strong reputation in demanding industrial sectors.
“We’re delighted to have completed this deal and to be working closely with Paul and his team. Building good relationships with occupiers is a core part of how we operate and this is one we’re particularly pleased with.”
Master Abrasives continues to balance its global reach with a strong local presence and has sponsored Daventry Town FC for the past two years, reflecting its ongoing commitment to the community it has been part of for decades.
Master Abrasives Ltd www.master-abrasives.co.uk
