Image
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 3.5 million sq ft, spanning from West Yorkshire to Mid Sussex.

Tungsten Properties has developed 126 completed units, totalling 1.28 million sq ft, with a gross development value of over £155 million.

Image
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

Image
Our Track Record
Tung crane image/svg+xml
1277000

sq ft completed/delivered

Tung building image/svg+xml
126

units built

Tung grid image/svg+xml
82

acres developed

Tung coins plain image/svg+xml
£
155
million

gross development value

Sustainability
"WE RECOGNISE THAT WITH THE DEVELOPMENT OF REAL ESTATE COMES A RESPONSIBILITY TO DELIVER ENVIRONMENTAL AND SOCIAL BENEFITS TO OUR OCCUPIERS, THEIR WORKFORCE AND LOCAL COMMUNITIES IN WHICH WE OPERATE."
ASHLEIGH HAYES, SUSTAINABILITY LEAD

We are committed to implementing and improving our base specification, processes and procurement practices to consciously lower the negative environmental impacts of development while improving economic and social outcomes.

Our 'big box' units target and contain the following features as standard:

  • Carbon neutral - units which result in no net release of carbon dioxide into the atmosphere
  • BREEAM Excellent - only achieved by 10% of new builds
  • EPC A - the highest rating of building efficiency
  • Photovoltaic Panels - a renewable energy source utilised to power your office functions
  • EV Charging - future-proofing our facilities for both workforce and fleet alike
  • CA Chronos Cladding - unrivalled U-values and air permeability with superior acoustic performance
  • 10% Roof Lights - creating brighter work environments for staff wellbeing and reducing reliance on lighting
  • Cycle Parking - promoting sustainable forms of travel for our occupiers' workforces and improving connectivity to the local community
  • Amenity Areas - external landscaped areas to provide outside space and improve worker wellbeing.
Image
The Team
Image
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.

Image
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.

Image
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.

Image
David Mole
Job title
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.

Image
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.

Image
Job title
Associate Development Director

Ashleigh is an RICS qualified surveyor and has seven years’ development experience having worked for Prologis, JLL and BNP Paribas.

She is part of the team responsible for delivering the committed development pipeline and sourcing new opportunities.

Image
Jenny Clarke
Job title
Associate Development Director

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.

Image
Job title
Financial Controller

Alex has 12 years’ experience in controlling various businesses with a combined annual turnover of >£40 million. Alex provides assistance with project financial modelling and business cashflow.

Image
Job title
Executive Assistant

Suzanne is an experienced Executive Assistant who provides assistance to the whole Development team. 

Suzanne has 20 years' experience as Personal/Executive Assistant in the manufacturing and automotive industry, and prior to that she was a Travel Manager in the travel & tourism industry.

 

Funding Partners
Image
Aberdeen standard investments logo
Image
Image
British Airways Pensions logo
Image
Image
Image
Occupiers
Image
Image
Image
Image
Image
Image
"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
Tung chart minimal image/svg+xml
3515000

sq ft in pipeline

Tung draw digger minimal image/svg+xml
19

sites owned

Tung grid image/svg+xml
171

acres

Tung coins plain image/svg+xml
£
471
million

gross development value