UK METERING EXPAND INTO CLIPSTONE

Industrial/Warehouse News

FHP Property Consultants are delighted to announce the letting of an 8,000ft² modern industrial unit in Clipstone on behalf of Newark & Sherwood District Council.  The property has been let to UK Metering, suppliers of high quality metering products throughout the UK. 

Previously based in a unit on Nottingham South & Wilford Industrial Estate the company have taken a unit 4 times that size representing a marked expansion to better accommodate their growth and future growth plans.

Mark Tomlinson of FHP Property Consultants commented: –

“I am delighted to have found such a high quality tenant for this unit in Clipstone.  The unit has been on the market for some time with Newark & Sherwood District Council and I am delighted that we have been able to add value here by completing a letting in just 4 months.

The process was assisted greatly by the attitude and pragmatism shown by Newark & Sherwood District Council who fully understand the market conditions and flexible approach which needs to be adopted to achieve success in the current market.”

Andy Wood of UK Metering commented: –

“We are delighted to have agreed a deal with FHP & NSDC for the lease of Unit 7 Woodland Close. We have experienced an excellent level of growth, particularly over the last 2 years, which has been largely driven by the introduction of the governments Renewable Heat Incentive (RHI). As a major distributor of approved metering solutions for the RHI scheme, the Company has invested significantly in stock levels to ensure that we are able to offer ‘off the shelf’ availability on all heat metering requirements. The Company has also increased stock levels on water meters, gas meters & electricity meters which enables us to offer full utility metering solutions to contractors and/or end users.

Proximity to major routes in and out of Nottinghamshire, locality to the current workforce, sufficient space to allow further growth over the next 5 years together with its well-presented, modern offices, reception and meeting room were all major factors in our selection of Unit 7.”

Phil Daniels of Newark & Sherwood District Council commented:-

“FHP’s market knowledge and excellent market coverage was invaluable to the early identification of a good quality tenant for our unit at Clipstone. I would have no hesitation in recommending FHP to other local authorities.”