Want Space Got Space - Offices, retail and industrial space Want Space Got Space - News about how to find and advertise commercial property to let, rent or sell in England, Wales and Scotland including Offices, Warehouse, Commercial, Manufacturing, Shops and Retail.



Crosspoint at Coventry now full as LSH and NRS secure 3 deals

wantspacegotspace.co.uk - Crosspoint at Coventry now full as LSH and NRS secure 3 dealsA major business park in Warwickshire has achieved 100% occupancy after three new lettings were secured by leading national property consultancy Lambert Smith Hampton (LSH) and joint agents North Rae Sanders (NRS).
Tata Motors Electrical Testing Centre, Federal Express and Premier Sheet Metal have secured the final available units at Crosspoint Business Park, near junction two of the M6.
LSH and NRS acted on behalf of Nottinghamshire County Council Pension Fund and Aberdeen Property Investors in the letting of three modern warehouse units totalling 65,536 sq ft.
LSH’s regional industrial and logistics team provided comprehensive disposal advice to the client, resulting in a 100% occupancy rate.
Alex Carr, associate director in LSH’s industrial and logistics team, said the team’s unrivalled knowledge of the market and the client’s investment in refurbishing the units to a high standard were key factors.
“This is a great result, with strong headline rentals and attractive covenants which will improve the business park’s investment value. The terms agreed on the new lettings will also provide excellent comparable evidence for upcoming rent reviews on the other occupied buildings,” said Alex.
“Crosspoint appeals to businesses because it is very well located and the units have been refurbished to a high standard. There is a shortage of good quality stock in the 20,000 to 100,000 sq ft range in the region and demand is rising in response to the success of the automotive sector in the Midlands.
“This general lack of supply has led to a shift in power towards landlords in the Coventry area which is crying out for new stock as there is a very limited choice for occupiers,” he added.

Posted by The Editor (wantspacegotspace) on 4th December 2012

Back to news list

 Surrey  Leeds  Leicester  Derby  Nottingham  Birmingham  Manchester  London  Essex  Milton Keynes  Northampton 
 Kettering  Cardiff  Basingstoke  Dorset  Shrewsbury  Bristol  Southampton  Reading  Bolton  Coventry  Swansea  High Wycombe 
 Corby  Rugby  Worcester  Chelmsford  Lincoln  Bedford  West Sussex  Doncaster  Wolverhampton  Telford  Croydon  Slough 
 Cornwall  Solihull  Sittingbourne  Fareham  Watford  Portsmouth  Ashford  Greater Manchester  Luton  West Malling  Kings Hill  Middlesex