A fast-growing civil engineering firm that connects sewers across the region is hoping for expansion after moving into a new base.
Terra Construction has bought the former Arnold Joinery unit in Catton Road, Arnold, from a private vendor in a deal brokered by commercial property agency NG Chartered Surveyors.
The company, which operates across the East Midlands and surrounding areas, specialises in sewer connections and groundworks for both residential and commercial new builds.
Director Will Handley said: “Moving to these premises provides us with increased secure storage, enabling efficient management of surplus stock and investment in additional plant and equipment, facilitating further growth of the company.
“We’re constantly tendering for projects and are in the frame for some more work coming up. It’s always great to be busy and we’ll be looking to add more staff if we win new contracts.”
Terra has grown from having about six staff when it was founded in January 2015 to a current workforce of about 20, including 16 site staff.
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It liaises with councils, local authorities and the Highways Agency on behalf of developer clients – including contractors that build new Premier Inn hotels.
Having previously been based within a shared office complex at Arnold Business Centre, in Brookfield Gardens, the company now has its own warehouse and office after acquiring its new 3,100 sq ft headquarters.
Richard Sutton, director of NG Chartered Surveyors, said: “My client is delighted with the outcome as we were able to generate a very strong sale price through the competitive bidding process.
“Terra Construction came out on top in bidding, and it will be relocating from its existing premises elsewhere in Arnold.
“There is a real stock shortage at the moment, which is driving the market forward and ensuring that landlords can complete some great deals.
“At NG, we are looking forward to 2017 as the market is really strong, and we’d urge anyone looking to maximise the value of their property portfolio to get in touch with us.”
Ian Torr, managing director at West Bridgford-based Cleggs Solicitors, advised the vendor on the legal side of the deal.