Triple Letting Takes Admiral Hyson Estate To Full Occupation

October 2, 2013

Legal & General, advised by DE&J Levy has let 13,394 sq ft of warehouse space at Admiral Hyson Industrial Estate, south east London.

The three lettings to London Event Hire, Paragon Projection and Carpetright plc follow an extensive refurbishment programme. The estate, which is located off Galleywall Road in Southwark, is now fully occupied.

The largest unit (5,294 sq ft) was let to London Event Hire at a rent of £12.50 per sq ft. Carpetright Plc has taken a 4,060 sq ft unit at £10.50 sq ft and the remaining 4,060 sq ft unit was let to Paragon Projection at £11 per sq ft. All lettings were on six-year terms.

Will Hutchinson of DE&J Levy commented: “The letting market in 2013 has been characterised by a real shift towards quality refurbished stock due to the continued lack of new development. Admiral Hyson is a classic example of a high quality refurbishment minimising voids and maximising rents”.

The refurbished industrial units include first floor office space, allocated parking and loading facilities to the front of the buildings. The three units were let on six-year terms to bring them into line with lease expires on the remainder of the estate.

–       ends –

Latest News

NASH BOND PROMOTES TALENTED STAFF

October 17, 2021 - 11:40

Leading Central London retail and leisure property advisors Nash Bond have promoted Emma Strang, Lottie Newman and Matthew Peters to Director. In addition, they have promoted Alex Hughes to Associate [...]

+ Read More

CBRE IM BOOSTS F&B AND RETAIL OFFER AT HAMMERSMITH BROADWAY SHOPPING CENTRE

October 7, 2021 - 12:01

CBRE IM, advised by GCW and Nash Bond, have boosted the retail and leisure offering at Hammersmith Broadway Shopping Centre in west London with two new lettings. Joe & The Juice will open in 1,154[...]

+ Read More

IV REAL ESTATE SHAKES UP BRISTOL’S CORN STREET WITH LONDON COCKTAIL CLUB DEAL

September 27, 2021 - 08:39

IV Real Estate has secured its first letting at Gilbert House, a recently redeveloped 12,475 sq ft retail and office building at 37-39 Corn Street, Bristol. The London Cocktail Club will open its seco[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR