SCA Packaging has taken Barberry Developments’ recently refurbished Stanbridge Building in Leighton Buzzard, Bedfordshire. The building, which totals 112,900 sq ft, was let on a new 15-year lease at an agreed rent of £4.25 per sq ft. Savills advised Barbe
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Companies considering either a new-build project or an extension should be able to negotiate keener prices, according to Chris Friendship of warehouse and distribution property specialist sbh.
Obviously it is a buyer’s market and one would expect this surplus, coupled with the government’s insistence on Empty Rates, to lead to a drop in rent levels. However, Owen Holder of Knight Frank says there is a note of caution. “As yields have moved out
We are now keen to begin actively marketing the warehouse, offices and hotel and feel that this strategically located site has a great deal to offer occupiers.
Leading property services firm Atisreal, in association with Logistics Manager, is undertaking a research study related to the town planning environment associated with Logistics and Distribution Property.
King Sturge are offering the lease on an 88,000 sq ft warehouse in Grantham after being appointed as joint agents on the building on Swingbridge Road with Humberts.
Samuel Grant has taken a 16,300 sq ft shed at Wilson Bowden’s East Midlands Distribution Centre in the Midlands.
Culina Logistics, has leased more than 116,000 square feet of space at ProLogis Cabot Park near Bristol.
Furniture company Willis & Gambier has consolidated its holdings at ProLogis Kingston Park in Peterborough and moved into the smaller unit on the site totalling 188,000 sq ft.
Chemicals firm Croda has taken a ten-year lease on an 83,500 sq ft new-build premises at Capitol Park, Thorne known as Cirrus, from owners PRUPIM.
