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United Kingdom : Gazeley signs one of the world's leading manufacturers of construction equipment JCB in first major transaction since takeover by Brookfield

Publish Date : 15-Jul-2013

Gazeley a leading global developer, owner and manager of logistics warehouses and distribution parks has today announced the signing of a deal with one of the world's leading construction equipment manufacturers JCB to occupy a 383.000 sq ft (35.000 sq m) warehouse development situated at Blue Planet, Chatterley Valley in Newcastle-under-Lyme within the West Midlands in the centre of the UK.

JCB has agreed a long-term lease for the building and has been conditionally offered Ł2.9 million from the UK Government's Regional Growth Fund to fund job creation on the site and to provide training programmes. In addition, the company has also signed an option to purchase an adjacent 7.7 acres of land from Newcastle Borough Council to facilitate future expansion.

The facility - which will be branded JCB - will be the central receiving hub for supplier-bought components used in the manufacture and assembly of JCB machines. It will serve JCB's UK plants as well as JCB's compaction equipment factory in Germany and JCB's newest manufacturing facility in Brazil.

The distribution hub will be commissioned this month and by the end of the year will employ around 60 people. Employment levels are expected to rise to more than 300 people once the facility becomes fully operational in the next two years.

Commenting on the announcement Gazeley CEO Pat McGillycuddy said: "We are absolutely delighted to have signed JCB at Blue Planet in order to pave the way for their continued growth and global expansion."

Business Secretary Vince Cable said: “We need growth that is more evenly balanced across the country. That is why we are supporting firms such as JCB through the Regional Growth Fund, which will enhance their infrastructure and bring long-term employment to the area.

"Our recent construction industrial strategy underlines the importance of the sector to the economy and is a further boost to the industry as a whole. It will attract further investment and create jobs at an important manufacturing hub in Staffordshire."

JCB CEO Alan Blake also said: "Staffordshire is where JCB's business started nearly 68 years ago and I'm delighted that our latest expansion is creating jobs in the county which has been our home for so long. Staffordshire is a fantastic place to do business and this site offers some huge advantages for JCB, particularly with transport links to the A500 and M6".

"We are delighted to have been offered funding from the Regional Growth Fund to facilitate future growth on the site. We also thank Newcastle Borough Council for their support in reaching what is another milestone in JCB's commitment to Staffordshire."

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