PEI Genesis success story arrives at Southampton Airport
18 July 2008
PEI Genesis success story arrives at Southampton Airport
In response to continued rapid growth throughout its European operations, franchised assembling distributor PEI-Genesis advised by Hollis Hockley LLP, have acquired the remaining term of Pratt & Whitney's lease at the aero engine manufacturer's 65,000 sq ft facility, which will serve as its new European headquarters and state-of-the-art connector assembly facility.
Located adjacent to Southampton Airport, the former Pratt and Whitney repair facility building is more than three times larger than the company's existing premises and will provide enough space to accommodate the expansion of the business for many years to come.
Commenting on the relocation, David Jones, European General Manager for PEI-Genesis, said: "The new building will allow us to continue the company's growth by investing in new assembly lines, new automation, a significantly expanded component inventory and additional services - all of which will be aimed at meeting or hopefully exceeding the needs of our customers both now and in the future."
The success of the company's world-leading connector-assembly service has seen PEI-Genesis sales in Europe rise from £3million to £15million over a 5-year period, which is a remarkable achievement in a market showing only single-digit growth.
Most of the company's personnel will be relocating to the new facility in Eastleigh, and PEI-Genesis expects staffing levels to increase by about 20% within the first 12 months of the move.
Nick Olliffe of Hollis Hockley said: "Pratt and Whitney's facility was an obvious choice for PEI Genesis given the planned large scale investment they have in mind. All the fundamentals are there – a top quality high bay warehouse building with good grade offices, double height reception and parking, an exceptional combination of road, rail and airport links and access to a major labour pool."
Hollis Hockley advised PEI Genesis. Knight Frank acted for Pratt and Whitney Canada Ltd.
For further information please contact Nick Olliffe at Hollis Hockley's Basingstoke office on 01256 489800

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