June 2, 2014
Salmon Harvester Properties, the joint venture between Salmon Developments and NFU Mutual, is speculatively developing a 76,000 sq ft industrial building in Enfield after agreeing forward funding with AXA Real Estate on behalf of Friend’s Life Ltd.
Work started this week on the £11 million building, which will sit on a 3.5 acre site at Innova Park. Completion is scheduled for December this year and the space will be offered leasehold at a rent of £9.50 per sq ft.
Doug Stewart chief executive of Salmon Harvester says: “Innova Park is a well established industrial and warehouse location with excellent links to the motorway system. We expect strong interest in the development from third party logistics operators and the growing number of e-tailers in the region.”
Glenny and CBRE are joint letting agents. HSM advised Salmon Harvester on the funding.
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