Specialist electrical enclosures and lighting company Abtech has acquired a new headquarters on Newhall Road, Sheffield.
Industrial property specialists Gent Visick brokered a deal on behalf of Threadneedle Property Investments, which involved the surrender of a lease on an office block by Medical House and the sale of two neighbouring properties on Newhall Road to Abtech.
Gidon Amar of Gent Visick said “This is a classic case of all parties benefitting. Abtech bought the HQ they had been looking for, Threadneedle sold two buildings in a ‘non-core’ location and Medical House were able to surrender an onerous lease.”
Abtech’s Austin Laughton said: “We had been looking for the right property for a number of years to maintain our presence in Sheffield and grow our business.”
Abtech designs and manufactures a range of products for hazardous areas and has more than 35 years experience in the oil and gas sector.