Saturday 22nd Oct 2016 - Logistics Manager

Kent business park doing well

Lympne Distribution Park, off J11of the M20 is heading in the right direction and reports a healthy level of lettings over the past few months, says NAI Fuller Peiser. Schroder Exempt Property Unit Trust purchased the park, which extends to just over 23,250sq m in 1998 from Bede Investments and since then has undertaken significant infrastructure improvements and put in place an ongoing refurbishment programme for all vacant units.

The site now offers 24-hour security, extra lorry parking spaces and on-site food facilities. The result is that since January 2003, occupancy has risen from 45.5% to 81.2% Associated Newspapers is amongst the new tenants, who have committed to more than 3,720sq m.

Chris Fry, of Schroders, comments: “We are delighted with our progress at Lympne. The estate now delivers cost effective warehousing on flexible terms to all levels of the distribution sector.”

Both office and warehouse accommodation are available on Lympne Distribution Park in size ranges from 47sq m 1,490sq m on either a leasehold or effective freehold basis.

NAI Fuller Peiser and Atrium Surveyors are joint agents for the park.