Wernick Hire, which is currently based on Leads Road, is one of Britain’s largest independent manufacturers and hirers of modular buildings and portable accommodation, operating from 36 separate sites across the UK.
First established in 1934, they work in partnership with a range of national clients including organisations in the construction, education, healthcare, commercial and events sectors.
Wernick had looked at a number of different sites in the city, but was attracted to the site in Elba Street, off Hedon Road, because of its position and ease of access for vehicle movements - a key factor in Wernick’s decision to relocate.
Chairman David Wernick said: “This freehold deal is hugely significant and is a major part of our continued commitment to invest and expand Wernick Hire as a national modular building specialist.
“We have outgrown our current site and need somewhere in Hull which is capable of being able to store and renovate all our buildings on one site. Acquiring this land is vital to the expansion of our business in the city.
“Obviously, we’re excited by the relocation potential and the new opportunities and jobs which it could also deliver.”
Planning permission will be sought to develop the site and a further £2m could be spent on building new offices, a workshop, storage area and staff facilities.
Ben Medhurst, the PPH director who negotiated the deal, is confident the freehold land sale can be a catalyst for future growth.
He said: “We’re thrilled to have played a key role in this deal because it’s a significant one for our clients Willerby Holiday Homes and for the national expansion plans held by Wernick Hire, as well as being a significant investment in Hull and its economic future.
“It’s satisfying to be able to match a client’s available land with a requirement from a progressive national firm that’s looking to expand. Wernick were a pleasure to deal with I would like to wish David and his team every success once they move into their new facility on Elba Street.”
Enlist our help and expertise
For advice or assistance with any aspect of a commercial property deal, please get in touch or call Ben Medhurst on (01482) 648888 today.