Acting on behalf of longstanding clients, Tim Gilbertson of FHP Property Consultants has let a substantial warehouse at Sherwood Park just off Junction 27 of the M1 motorway.
In this latest letting on the park, a long lease has been agreed to expanding local occupier Staytite, who have taken over 30,000ft² of accommodation set on a large site.
Tim Gilbertson, director of FHP, said: “Once again it has been a pleasure acting on behalf of our longstanding clients to dispose of another unit for them here, this is the latest in a number of lettings we have undertaken over the last few years and it has been a pleasure once more to act on their behalf.
“Equally, it has been enjoyable to work with Staytite and see their expansion and relocation from slightly further north taking benefit of this excellent building which sits adjoining the M1 motorway.
“In a market where demand remains healthy, supply levels are really dropping now but we continue to see disposals happen in this mid-range sector, and this latest letting of 30,000ft² takes more space from our market so I applaud Staytite in securing this building so quickly.
“From our client’s perspective, it’s been a great deal as not only have we given them a new occupier but also done so in double quick time leaving virtually no void period between the departure of the former tenant and the arrival of the new one.
“My best wishes to both parties and I’d be delighted to speak to clients both old and new for any industrial or distribution space that they have coming available in the East Midlands as we continue to experience decent levels of demand and very limited supply in all locations and sectors.”
Andrew Black, Managing Director of Staytite, said: “This fantastic facility quadruples our previous storage capability and will allow Staytite to expand in line with the needs of our manufacturing and rail customers.
“Its strategic location offers swift delivery of expertise to the Midlands and North of England, ensuring we meet our clients’ demands with enhanced efficiency and reduced lead times.”
