Technology firm expands to new premises

Technology firm expands to new premises

Polar UK, which creates activity trackers and training computers, has re-located to a modern new premises in Warwick, following an increase in demand.

The company, which caters to all levels of fitness by offering a product range including cycling computers, wearable sports devices and activity trackers, has moved into a new 5,000 sq ft property on Wedgnock Industrial Estate.

The company operates in more than 80 countries and its award-winning training computers are sold through more than 35,000 retailers globally.

Polar’s UK and Ireland base previously operated from a nearby 12,000 sq ft building in Warwick which included an 8,000 sq ft warehouse area which was used to distribute products around the UK until 2014 when shipping moved to Amsterdam.

Polar UK finance director John Gibbs said: “We wanted to stay reasonably close so we could retain our staff. Essentially we wanted the same amount of office space but without the warehouse which was now obsolete to our needs.”

James Davies of The Wigley Group, who helped with the relocation, said: “Many companies find that their commercial space no longer meets their needs but aren’t sure what their options are.

“We’re able to give companies unbiased advice on all aspects of their business strategy connected to property. That includes exiting previous lease arrangements, finding a new property and the negotiations around new rental or purchase agreements.

“We know that finding a space which meets the current and future needs of a business is about more than just finding an empty building – our commercial acumen, knowledge of the property market and negotiation skills are where our team can really add value.

“I’m delighted that we’ve been able to find Polar UK the right commercial property which meets their current and anticipated future needs.”

 

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