Engineering firm acquires new Oxfordshire base
An engineering and fabrication company, which works with some of the best-known names in motorsport, has acquired a new base in Oxfordshire to support its ongoing expansion.
Venture Engineering has acquired unit 7 at Downs Road, Tungsten Park in Witney, which is currently under construction and due to be completed in March 2021. The 15,000 sq ft building will be used for Venture’s motorsport engineering and fabrication company which is currently based in Bourton-on-the-Water near Cheltenham.
Tungsten Park Witney is a 24-acre project to the west of Witney, 500 metres from the new A40 junction which provides easy access to Oxford and the surrounding area. Tungsten Properties is constructing a new 490,000 sq ft business park.
Venture Engineering was established in 2015 by its three owners and in the last five years has rapidly expanded. It is an in-house design and fabrication of motorsport race parts company that allows the race teams to maintain their competitive edge. Customers are in Formula 1 and the Le Mans 24h race, amongst other series, and include Rofgo, Aston Martin, Ford, Haas F1 Team, Redbull F1, Williams F1, Prodrive, Noble Automotive and Duncan Hamilton Rofgo.
“The move from Bourton-on-the-Water to Witney will aid the expansion of our business. Moving into Motorsport Valley and being near to the M40 are key to our plans. Tungsten Park was chosen as the area was perfect but also the build quality and relationship built with Tungsten over the past six months made our decision very easy. While motorsport is our background, we are gradually moving into other sectors including transport, battery power, architectural, automotive to name but a few, so this move to Witney will help us quickly achieve our growth goals.”
Adrian Perkins, Director of Venture Engineering
The deal is the third for Tungsten Park Witney and has taken the total space pre-let or sold to 162,000 sq ft, equating to about 56 per cent of phase one.
“A warm welcome to Venture Engineering to Tungsten Park Witney. They will be joining a business community that is being built to cater for those companies which are experiencing business growth and looking for new, state of the art warehouse space. To have secured three businesses at our new project shows the strength of Witney as a business location in Oxfordshire.”
David Mole, Associate Development Director at Tungsten Properties
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