Frontier Estates has let its 318,526 sq ft warehouse known as Celestia in Milton Keynes to food distributor and marketing company Jenks on a 15 year lease at a rent of £6.25 per sq ft.
A 10-month rent free and a capital contribution of £500,000 was secured as part of the agreement. Jenks will pay an additional £80,000 a year for sprinklers and lighting.
The property had been under offer to Laura Ashley on a freehold basis. Letting agents were DTZ and Burbage Realty.
Celestial heights
Frontier Estates has let its 318,526 sq ft warehouse known as Celestia in Milton Keynes to food distributor and marketing company Jenks on a 15 year lease at a rent of £6.25 per sq ft.
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