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Warehouse
Space: Built to work
We are mid-box industrial & warehouse developers delivering space across the UK for our investors and occupiers.
Explore tungsten
About us

Founded in 2005, Tungsten Properties is a privately-owned company, based in Hinckley, Leicestershire.

Since incorporation, Tungsten Properties has grown from a developer of small industrial units in the East Midlands, to a national developer with an industrial development pipeline of more than 1.2 million sq ft, spanning from West Yorkshire to Mid Sussex.

Tungsten Properties has developed more than 100 completed units, totalling more than 850,000 sq ft, with a gross development value of over £100 million.

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Super G
We’ve created spaces for more than 100 occupiers
What makes us different

We pride ourselves on our three values: we listen, we create, we go beyond.

Listen: above all, we work to understand our investors, our communities, our local councils, our architects, our planners, our contractors, our agents and our occupiers. It's about collaborating from the start, and that starts with listening and understanding

Create: we build buildings and we create spaces that work. We listen to the market and because we aren't corporate, we can respond quickly. We have a little black book of trusted suppliers with whom we have worked for years, meaning that we get the job done

Go beyond: ultimately, we deliver. But to get there, we tightly project manage the whole process by communicating, working collaboratively and managing expectations. Exceeding expectations is what gives us the edge. We are nimble and efficient, and clients tell us that they enjoy working with us

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Our Track Record
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850000

sq ft completed/delivered

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106

units built

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60

acres developed

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£
100
million

gross development value

The Team
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Jeff Penman
Job title
Managing Director

Jeff is responsible for driving forward the company’s property development pipeline, managing the development team, and sourcing funding.

Prior to Tungsten, Jeff started his career in 1998 at CB Hiller Parker, leaving the Business Space Agency & Development Team in 2001 to join his father’s development company at Grove Park - Leicester, thereafter, founding Tungsten in 2005.

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Ian Dunckley
Job title
Development Director

Ian joined Tungsten Properties in October 2015 following 10 years as Development Director at the Ashtenne Industrial Fund.

He previously completed more than £100m worth of investments nationwide, creating over 800,000 sq ft of distribution warehousing, multi-unit industrial estates, heavy and light industry, trade parks, serviced office space, food retail and a pharmaceutical facility.

These projects have involved tenants on pre-let or pre-sale agreements where critical paths had to be met.

Clients include Baxter Healthcare, Corus, MC Wholesale, Lok’n Store.

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Mark Bailey
Job title
Contracts Manager

Mark is an experienced Contracts Manager with particular experience in Roofing & Cladding.

Mark has worked for a number of cladding specialists such as Keyclad (Bowmer & Kirkland), Wedge Industrial Roofing and Torclad, working for end clients such as Sainsbury’s, ASDA & Aldi.

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David Mole
Job title
Associate Development Director

David is a qualified chartered surveyor who joined the team in November 2017. His previous roles, working firstly at Deloitte and more recently at Colliers International, mean that he brings experience across a range of markets and property sectors.

David provides the team with a roadside perspective, having had experience in the automotive, PFS, roadside retail and trade counter markets.

Past clients include Screwfix, Topps Tiles and Euro Garages.

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Job title
Associate Development Director

Justin has substantial experience in the industrial/logistics sector with previous roles in development and agency at DB Symmetry and Savills. With extensive involvement in multi let estates and large scale logistics parks, he has a strong handle on the market and a solid network base.

His focus is on managing developments through from inception to completion together with sourcing and appraising new opportunities.

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Jenny Clarke
Job title
Development Surveyor

With 11 years’ experience, Jenny joined in September 2019 from Innes England based in Leicester where she worked for five years on behalf of private and public sector clients on all agency matters. Prior to that she worked for Salloway Property Consultants in Derby and Lambert Smith Hampton across Leicester and Nottingham.

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Val Binns
Job title
Office Manager

Val is an experienced Office Manager, with particular experience in working in the property and motorsport sectors; she is therefore very familiar with both the administrative and logistical challenges of both industries.

Val is responsible for the running of the company office, as well as administering the company’s sales and purchase ledgers.

Funding Partners
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Aberdeen standard investments logo
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MG Real Estate logo
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Occupiers
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"WE EXIST TO PROVIDE EXCEPTIONAL INDUSTRIAL AND WAREHOUSE WORKSPACE TO OCCUPIERS SO THAT THEY CAN THRIVE AND CREATE LOCAL JOBS FOR THEIR COMMUNITIES."
JEFF PENMAN, MANAGING DIRECTOR
In the Pipeline
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1200000

sq ft in pipeline

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14

sites owned

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64

acres

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£
145
million

gross development value