A Dorset firm has announced plans to expand and redevelop its existing site in Christchurch.
Structural engineering business REIDsteel has acquired a 2.2 acre plot immediately next to its existing headquarters, where it plans to invest in a "sate-of-the-art" manufacturing complex, new offices and staff facilities.
The site previously occupied by Peeks Party Store and Monkey Madness soft play centre, will see the redevelopment take place over a total of 6.4 acres. REIDsteel said that the expansion will "provide a major boost" for the local economy and supply chain.
REIDsteel managing director Simon Boyd signed the deal with Nick Peek in Christchurch.
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Mr Boyd said: “This is a major milestone in our redevelopment plans for the company. It is great news and represents major investment in our business, the local economy, the Christchurch community, and the county of Dorset.
“It will regenerate a vacant brownfield site in a key location within the town while allowing us to move forward with our exciting redevelopment plans. This will mean that we can significantly increase productivity and create more highly skilled employment and apprenticeships, while cutting our carbon footprint.”
REIDsteel has gained full planning permission for the multi-million-pound-redevelopment, which will include a production yard, staff parking, environmental improvements and landscaping. It will also include rooftop solar panels and electric vehicle charging points.
Multiple manufacturing processes will be brought into a single, automated production line with "cutting edge" technology from concept to delivery under one roof.
Mr Boyd added: “The whole team at REIDsteel are excited about the acquisition and redevelopment of the site in the near future. My thanks to every single member of our team for their unwavering support over the past few years and to Nick Peek for the key role he played in supporting our bid to redevelop the site for the benefit of all stakeholders.
“Investment of this kind further reinforces our belief that business is a force for good. It is not just for the owners, but for our people, the local economy and community as well as for the national economy and HM Treasury. We are looking forward to announcing more details about our plans in due course.”
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