Xeros is part of the Evolution as top business park sold off in £7m deal
FOR decades, South Yorkshire was a base for traditional industries which involved sweat and grime.
Today, a former coalfield site is the home of a company that could revolutionise the way we wash our clothes.
Xeros, which is based on the Evolution Business Park, near Rotherham, uses nylon polymer beads that attract dirt when they are “tumbled” with clothes in one of its machines. Xeros’s machines use 70 per cent less water and 50 per cent less electricity than a conventional machine.
The company’s green credentials were praised by Deputy Prime Minister Nick Clegg during a recent visit.
Yesterday it was revealed that Harworth Estates, the landowner and developer, has sold the Evolution Business Park to Cornerstone, the real estate advisory and investment company, for £7m. Around 1,000 people work on Evolution, which is fully let and is part of the Advanced Manufacturing Park (AMP). Apart from Xeros, Evolution has attracted a number of hi-tech tenants, including Rolls Royce.
Campbell Carruth, business parks director at Harworth Estates, said “Evolution has proved to be a first class development: within the first six months of 2012 we let four units generating an annual income of more than £250,000 and total annual rental income is now £725,000. The demand for space at Evolution provided the platform for this sale. It has been so successful that demand was over-subscribed.“
AMP’s reputation has been enhanced by the technological processes developed there, such as those used on the Boeing 787 Dreamliner. Law firm hlw Keeble Hawson represented Harworth Estates in connection with the sale.