Northamptonshire abrasives manufacturer secures long-term future of HQ after deal on site agreed

A Northamptonshire manufacturer supplying abrasive products to customers across the UK and overseas has secured the long-term future of its headquarters following a new agreement with a Midlands property investment firm. Master Abrasives, which was founded in 1967 and serves sectors including aerospace, automotive, the medical industry and power generation, 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.

The 22,355 sq ft facility at 1-3 High March includes offices, warehousing and production space across three buildings on a large site fronting the A45, providing the infrastructure needed to manufacture and distribute a wide range of abrasive products. 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, Managing Director of Master Abrasives, says the deal had given the business confidence about its future at the site: “This agreement gives us the stability we were seeking, allowing us to concentrate on what we do best without worrying about managing the property ourselves. Working with Tetra Real Estate 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, Managing Director of Tetra Real Estate, feels 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’re 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.”

Master Abrasives continues to balance its global reach with a strong local presence and has sponsored Daventry Town FC for the past two years, reflecting its ongoing commitment to the community it has been part of for decades.