Indurent has completed leasing transactions totalling c.1 million ft² in the first quarter of 2025, including significant deals for a combined c.140,000 ft² at Indurent Park Chippenham and Indurent Park Derby.
A total of 195 transactions were completed in the period, including 75 signed in February alone which represents a record month since the company launched in July 2024.
Over the three-month period, 76% of the transactions were new leases and renewals, with the remainder comprising rent reviews.
Approximately 86% of leases were for urban multi-let industrial units sub 10,000ft².
Indurent agreed terms with Herman Miller, an interiors and furniture designer, for the latter to occupy a 110,000ft² unit at Indurent Park Chippenham with the new unit will be completed in early 2026.
Meanwhile at Indurent Park Derby, Sinoboom, a plant and machinery company based in the Netherlands, has signed a lease for a 27,600ft² unit.
Head of portfolio management at Indurent Simon Ross said: “Despite continuing economic uncertainty, demand for modern I&L space remains robust across the key UK markets, particularly for mid-box and MLI assets.
“Based on the record enquiry levels we received in the first three months of the year, this positive leasing momentum looks set to continue.
“Businesses, particularly SMEs, not only want well-located, sustainable workspaces, they demand a frictionless experience and the ability to expand and contract as their circumstances change.
“Our continued investment in our tech-enabled operating platform and focus on customer service is helping to drive leasing activity and keep occupancy very high across a granular portfolio.”
