MEDLEYS MANSFIELD MOVE SECURED BY FHP

Industrial/Warehouse News

Acting on behalf of long term clients, Tim Gilbertson of FHP is pleased to announce the letting of a quality modern industrial space on Oakham Business Park in Mansfield to Medley Precision Engineers.

At a time when there is a real squeeze on stock, this building could have been let any number of times over given the paucity of space in the market and improving demand from occupiers.

Presented well and prominently sited at the head of Oakham Business Park in Mansfield, a deal was agreed quickly and a lease of over 6 years confirmed with the occupiers to enable them to continue their expansion in the region.

Tim Gilbertson commented:

“It is always pleasing to see another deal done especially when a deal sees an expanding local company take on larger premises.  This particular letting of over 8,000ft² in Mansfield acts in many ways as a barometer for the local market.  We are experiencing increased demand from both tenants and purchasers alike as stock levels are poor and the speed with which the building was let epitomises the changes we are seeing in the market at present.

Improving demand coupled with poor supply is leading to buildings being both let and sold quickly and we are starting to see the signs of both rental and capital growth.

For any potential vendor or landlord considering marketing their premises then now is probably the time to act.  In this particular instance we had at least three or four other parties who would have been interested in the building would it have been available that we had to disappoint and simply cannot house elsewhere due to the lack of space in the region.

With the economy hopefully recovering still I very much hope that new buildings will come to the market soon to satisfy the demand that we are currently encountering.  If any property owner has space to let or sell at present then I would be delighted to hear from them as if presented in good order then almost certainly good demand can be expected.”

For further information on this deal or to see how FHP have help sell or let your premises please contact Tim Gilbertson on 0115 9507577.