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7 February 2023
Landmark letting for Dianthus Business Park as Paneltex completes deal to move to growing site

One of East Yorkshire’s biggest business sites has welcomed a home-grown and world-leading manufacturer to site as its latest tenant as it continues to establish itself as a hub for successful growing companies.

Paneltex, a manufacturer of specialised commercial refrigerated vehicles and storage systems, has completed a deal to move into a huge 140,000 sq ft industrial facility at Dianthus Business Park, premises which also include first-floor offices and amenities including a gymnasium and canteen.

Formed in Hull in 1991, Paneltex has established itself as a world-leading business in its sector, producing hundreds of refrigerated vehicle bodies, vehicle body kits, and portable cold stores each week, out of six specialised factories across the UK.

The business announced last year that it had secured a major contract to work with new zero emission electric vehicle brand Volta, supplying the cargo boxes for the new range, described as the  world’s first purpose-built full-electric 16-tonne vehicle designed for urban logistics.

The move to the Newport facility, which is based directly off the main A63 out to the motorways network, will help create another 240 jobs and take employee numbers to around 900 once full fit-out of the premises is complete and manufacturing begins in May to produce products to ship to Austria.

It follows significant investment at the firm’s premises in Somerden Road, Hull, and a new export kit factory on Sutton Fields.

Business park creating ‘highly-skilled jobs’ and boosting economy

The deal to move to Dianthus Business Park was overseen by David Garness, of Hull-based commercial property specialists Garness Jones, which handles lettings at the site on behalf of its owners.

He said: “I am delighted to have completed this latest letting at Dianthus Business Park to Paneltex as they are a fantastic business and real success story – a locally formed company which is leading the way in its industry through innovation and ambition.

“It is a business, which like many others on this site, is creating a lot of highly-skilled jobs and making a really positive contribution to the local economy. It is fantastic to be able to support them on the next step in their journey and it is another landmark letting for Dianthus Business Park, adding to the great diversity of businesses in occupation.”

Following the recent letting of a 42,000 sq ft facility to Stonegate Precision Tooling Ltd, a market leader in providing innovative high performing tooling to Stone Fabricators, Mr Garness says he expects to be adding further tenants in the coming months.

Units 7 and 8, offering 136,000 sq ft of industrial space, are currently on the market are ‘attracting a high level of interest’.

Jelle Zwemstra, Managing Director at site owners Newport Buildings, said: “We are delighted to bring Paneltex onto Dianthus Business Park, they are a local, fast growing, successful company with a very strong management team, who require good quality modern facilities for their operations.

“We look forward to working closely with Paneltex and ensure that they can keep growing and bring even more employment to East Yorkshire.”

Dianthus Business Park was established in 2010 when JZ Flowers made a decision to consolidate their three productions sites in Hull into a purpose built, state of the art production facility.

It is now home to tenants from a wide range of different industries with companies including QwikFlowers, Royal Lemkes Ltd, William Jackson Food Group, ProGarm and FlamePro occupying units at the site.