Northamptonshire-based
Master Abrasives, a manufacturer that was established in 1967 and serves sectors such as aerospace, automotive, the medical industry and power generation, has secured the long-term future of its headquarters following a new agreement with a Midlands property investment firm.
The company is continuing to operate from the High March industrial estate in Daventry after
Tetra Real Estate,, part of the
Wigley Group, acquired the freehold of the site. After briefly owning the freehold itself, Master Abrasives opted for a sale-and-leaseback arrangement to retain security of tenure while allowing the business to focus investment on its core manufacturing and distribution operations.
Paul Batson, Master Abrasives’s managing director, said the deal had given the business confidence about its future at the site. “This agreement gives us the stability we were looking for and allows us to concentrate on what we do best without worrying about managing the property ourselves. Working with Tetra has been a really positive experience. It feels like a genuine partnership, and having a landlord who understands manufacturing businesses and is based locally makes a huge difference to us.”
Chris Parsons, Tetra Real Estate’s managing director, said he felt the strength of the relationship was a key positive to the deal. “Master Abrasives is a business with an impressive history and a strong reputation in demanding industrial sectors. We are delighted to have completed this deal and to be working closely with Paul and his team. Building good relationships with occupiers is a core part of how we operate, and this is one we’re particularly pleased with.”