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Industrial estate investment in Luton attracts tenants via LSH

wantspacegotspace.co.uk - Industrial estate investment in Luton attracts tenants via LSHA Luton industrial estate is welcoming two new tenants after securing deals for more than 15,000 sq ft of space, marking a highly successful 12 months for the sought-after site, national commercial property consultancy Lambert Smith Hampton (LSH) has announced.
LSH has completed two further lettings in refurbished units at North Luton Industrial Estate, at Sedgwick Road, following two lettings earlier in 2012.
Both units were let on 10-year terms. Unit 25, a 6,052 sq ft industrial/warehouse unit, has been let to worldwide exhibition stand company Creative8; and 9,154 sq ft unit 22, has been let to Hi Tech Flooring.

Dan Jackson, senior surveyor of LSH’s Luton industrial team, said: “These two deals are great news for the estate and allowed us to finish 2012 on a high. With a total of four deals completed in the year, the estate has outperformed the rest of the market and we feel this is as a direct result of the investment the landlord has made in refurbishing the units and upgrading the estate.
“The quoting rent of £4.75 psf means that occupiers can secure well located, refurbished accommodation from 4,000 sq ft and with all of the positive announcements being made regarding the A5-M1 link and Junction 11A, I expect the estate to continue to do well in 2013.”
The latest announcement follows the two lettings completed in the early part of last year, to Electroversal and TMG.

Posted by The Editor (wantspacegotspace) on 23rd March 2013 (updated 08/04/2013)

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