Packaging pioneers, Crownhill Packaging Ltd., specializes in a wide range of customized products and services. Crownhill provides companies with The Total Package, by offering the convenience of a single source packaging solution.
Over the past 15 years, Crownhill has experienced significant growth and development of its business model; it expanded its facilities on an “as needed” basis. The consequence was a fragmented portfolio of three facilities — of varying size, age, configuration, and location. The company looked to Savills to develop a consolidation solution: to amalgamate Crownhill’s three facilities into a single efficient location, with minimal effect on the balance sheet.
Savills first completed a thorough analysis of Crownhill’s current facilities and operational requirements. Our in-house technical staff prepared an appropriate facilities specification to meet Crownhill’s current and future growth projections, while adding value to the operational needs and the financial constraints of the business. We searched the marketplace for suitable existing alternative facilities and completed a thorough review of available land and design-build opportunities. This included a formal request for proposal process with selected developers.
During the negotiation process, Savills created value, through the skilful use of negotiating leverage, to position the clients’ tenancy in the marketplace effectively. The final facilities’ solution incorporated a 200,000 sq. ft. design-build facility that provided new operational efficiencies, growth flexibility, and offered a significant branding opportunity. This cost effective, integrated facilities’ solution, forms a solid platform from which Crownhill Packaging will continue to develop its business in the future. The new facility will be ready in 2006.