Standard Life Investments, landlord of Suttons Business Park in Reading, is taking a fresh approach to the marketing of the remaining available units by offering a range of incentives, with the aim of fully letting the park in 2009. The park, which achieved record industrial rents for Reading last year of £9.75 per sq ft, is currently 90 per cent occupied.
Philip Hunter of Lambert Smith Hampton said:
“Economic conditions remain challenging so it’s important for us and our clients to be proactive to continue to achieve positive results. We are therefore offering a range of new incentives to existing and prospective occupiers at Suttons that will save costs for both landlord and tenants.”
Initiatives being offered include the payment of all or part of a new tenant’s dilapidations costs on their previous premises, or fit-out of their new space at Suttons. In addition, existing tenants could benefit from a rent-free period for introducing a new tenant.