SOUTH WEST, DEVON, Friday, March 27th 2020 – The former Latimer Trend premises in Plymouth has been purchased by Oakmount Control Systems Limited in a deal brokered by leading property consultancy JLL.
The property is located off Estover Road on the Estover Industrial Estate and comprises both manufacturing and office space extending to 36,883 sq ft on a site of 1.7 acres.
Oakmount Control Systems Ltd, a family run business, specialising in the Design, Manufacture, Installation and Commissioning of Industrial Automation, Process Control Systems and Special Purpose Machinery says the purchase is a key step in their business plan to allow expansion.
Printing firm Latimer Trend went into administration in October last year after trading for 130 years.
Phil Partridge, Managing Director and founder of Oakmount Control Systems, said: “Since the company was created in 2002, we have continued to grow. Our acquisition of the Estover Road property is another step forward for the business. It will allow further expansion and support increased demand for our services.”
Tim Western, lead director at JLL in Exeter, said: “It was of course very sad to see Latimer Trend cease trading late last year, but this has provided an opportunity for Oakmount to take forward their growth plans. It is positive news for the Plymouth business community in these uncertain times.”