KILMARTIN SECURES NEW LETTINGS AND SALES AT PROPELLER PARK, WEMBLEY

June 2, 2009

Kilmartin Property Group’s new development at Propeller Park, Wembley is reporting a good level of sales and rentals, with four new companies signing up for a total of six units.

Recent lettings include 7,600 sq ft to Gulf Trading International and 6,363 sq ft let to GKNC Ltd, both at £12 per sq ft on 10 year leases with an option to purchase. Sales of units at the site include 3,121 sq ft to Gear Gifts Ltd and 2,766 sq ft to FOK Trading at £145 per sq ft.

Jeremy Grundy from agents DE & J LEVY said: “Sales and lettings at the new development are moving fast, with strong occupier interest. Propeller Park offers superb office / warehouse facilities, well located opposite Ikea and Tesco on the North Circular only two miles from the M1 and seven minutes walk from the Neasdon tube station.”

Jim Bryan, Director of Kilmartin commented: “Our flexible approach has allowed us to structure innovative deals with occupiers that are not available elsewhere, and enabled us to dispose of a number of units very quickly.”

Propeller Park comprises two terraces of buildings with ample on site parking. Six warehouse / trade units facing the North Circular Road, including flexible mezzanine areas with full height loading doors, plus 13 two storey units, finished as shell and core at ground level with fully fitted first floor office accommodation to the rear of the development.

Joint letting agents for the scheme are D E & J Levy and Grant Mills Wood.

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