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Industrial/Warehouse News
Acting on behalf of long term clients of Cornerstone Real Estate Advisers, Tim Gilbertson of FHP is pleased to confirm the letting of the final available unit on this scheme.
Set in a superb location, forming part of Glaisdale Park Industrial Estate and therefore within quick access of both the centre of Nottingham and the A610 leading to Junction 26 of the Motorway, the deal agreed sees an existing tenant Art Systems expand and take additional space on the scheme with a further unit of 15,000ft² now let to them.
This deal is particularly pleasing given that this is the last available unit on the estate and somehow neatly sums up the industrial/warehouse market in the region at present in that demand is improving and stock continues to be in short supply.
Tim Gilbertson of FHP who dealt with the letting, commented:
“Having let to Art Systems their original units on the estate some years ago, it was a pleasure to deal with them through their agents Innes England again and conclude the letting of further space on the estate of just over 15,000ft².
A success story is always good to see and their expansion is proof of the improving economic conditions and the fact that demand is rising for commercial property across the board whilst supply remains poor.
From our client’s perspective the deal now brings their ownership up to full occupation once again and therefore this is a great deal all round for all parties.
Again we wish Art Systems well and I hope that I might do a further deal with them in another few years time when they are ready to expand again!”
For further information on this deal or to see how FHP can help you let your premises please contact Tim Gilbertson on 0115 9507577.