SALMON GRANTED PLANNING PERMISSION FOR INDUSTRIAL/WAREHOUSE DEVELOPMENT IN ASHFORD, KENT

May 14, 2019

Salmon Harvester Properties (SHP) has been granted planning permission for a new industrial/warehouse development at Orbital Park in Ashford, Kent.

The 43,000 sq ft scheme comprising 15 units of varying sizes will appeal to trade counter operators as well as more traditional industrial occupiers.

With rents in Ashford now exceeding £10 per sq ft, the investment value of the development when completed is anticipated to be close to £10M.

Having sold its adjacent completed Axiom development in July 2018 to Columbia Threadneedle Investments at a sub-5% initial yield, SHP is now preparing to sell the 2.7-acre development site and is quoting offers in excess of £1.6 million.

SHP’s Pat Mahoney said: “We are delighted to have secured the permission. This is SHP’s last remaining land from an original 20-acre holding at Orbital Park, in a vibrant commercial area with easy accessibility to be further augmented shortly on completion of the new Junction 10A of the M20 currently under construction.”

SHP’s agents are Altus Group and BNP Paribas Real Estate.   

Latest News

ORFORD HOUSE, NORWICH COMES TO THE MARKET

March 2, 2021 - 12:32

GCW, on behalf of a private landlord, has launched a prime flagship building in Norwich to the market. The former Debenhams store, named Orford House, is available for sale or lease and is offered as [...]

+ Read More

H&M COMMITS TO LONG TERM FUTURE AT SOVEREIGN CENTROS’ ST. ENOCH CENTRE

March 2, 2021 - 10:58

Sovereign Centros has signed a new 10-year deal with leading fashion retailer H&M, for its 32,000 sq ft store at the St. Enoch Centre in Glasgow. H&M is the latest in a long line of tenants to[...]

+ Read More

IV REAL ESTATE TRANSFORMS TWO BRISTOL OFFICE BUILDINGS

March 1, 2021 - 10:01

IV Real Estate has completed the refurbishment of two prime office buildings in Bristol city centre. Practical completion of 41 Corn Street and the adjoining Gilbert House has now been reached followi[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR