March 4, 2016
LaSalle Investment Management (“LaSalle”), the global real estate investment manager, and Salmon Developments have announced the completion of the £18 million Sovereign development at Kimpton Industrial Park in Sutton, south west London.
Sovereign is one of the most significant speculatively built industrial scheme within London in recent years and comprises a secure detached unit of 81,000 sq ft on a three acre site. It includes 4,000 sq ft of offices, a spacious yard and 74 car parking spaces.
Following its completion, Sovereign in now immediately available for occupation at a quoting rent of £1.1 million pa.
Toby Wenham, Associate Director, LaSalle Investment Management, said: “We have delivered a significant warehouse development in partnership with Salmon Developments that will appeal to occupiers looking for a base close to central London. We anticipate it will be particularly attractive to businesses operating in the urban logistics sector where there is continued high demand for high quality space near the UK’s biggest cities.”
Kimpton Industrial Park is approximately 12 miles from central London at the junction of Kimpton Parkway and the A217 providing direct access to the M25. Sutton Common railway station, which provides rapid links to London Victoria, is within 0.5 miles of the Park with numerous bus routes also serving the site.
JLL and Altus Maxwell Brown are the letting agents for Sovereign.