Global loudspeaker manufacturer takes 10-year lease at Stonehouse development
A world-leading loudspeaker manufacturer has taken a ten year lease on a new unit at the Stroudwater 13 development in Stonehouse, Gloucestershire, said developer Robert Hitchins Ltd.
Loudspeaker Technology Ltd, based at Aston Down, was formed in 1974 by the late Billy Woodman, the father of the current managing director (MD) Will Woodman.
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Its products feature in some of the world’s most prestigious multi-channel studios and auditoria and have been used by many superstars, including Pink Floyd and Supertramp.
MD Will Woodman said: "We had been looking for a few years for a site to move our cabinet manufacture and warehousing to, and this proved the perfect opportunity due to its close proximity to our main site near Chalford."
Michael Plimmer, Senior development manager at Robert Hitchins, added: "The letting of Unit 1 marks the end of the first phase of Robert Hitchins’ considerable investment in new industrial development in Stonehouse.
"We have been really pleased with the rapid take-up of the new industrial space that we have built to date and it’s particularly rewarding to play a role in supporting such a great local company with international reach, providing them with accommodation that is fit for purpose and helps them to stay local."
The audio and electronics group is taking unit 1 - a 22,523 sq ft facility at the entrance to the new Stroudwater 13 development.
It is the last remaining unit in the current phase of Robert Hitchins’ £12 million employment development in the area.
Stroudwater 13 forms part of the employment allocation for the wider Great Oldbury urban extension development at Stonehouse, which also includes 1,300 homes, a primary school, local centre and extensive sports and community facilities.
It is close to J13 of the M5 and adjoins Stroudwater Business Park occupied by multinational companies including Renishaw, Schlumberger and Muller.
The agents for the Loudspeaker Technology lease were Alder King and Cushman & Wakefield.
