In response to the need for additional design, development and production capacity resulting from a record order book and increasing business capabilities, Pennant has taken ownership of two commercial premises at Staverton Connection in Cheltenham.
The new premises, which have a combined floor area of over 8, 000 sq. ft. (743 m2) will almost double Pennant’s production capacity to over 20,000 sq. ft. (1,858 m2) and are located a short distance from the Group’s existing facilities in Cheltenham.
Work has already commenced fitting out the interiors of the premises, which includes the installation of offices, canteen/kitchen facilities, and mezzanine floors covering 1,600 sq. ft. (1,486 m2) of workspace.
Commenting on the new facilities, Pennant’s Chief Financial Officer, Phil Walker, photographed opening the door of one of the new premises for the first time, said: “This long-term investment gives a clear indication of our confidence in the future growth, prosperity and success of the Group.