Kier Property has completed four new lettings at its Trade City scheme on Montrose Road, Dukes Park Industrial Estate in Chelmsford CM2 6TE.
These lettings are of Units 1, 5, 9 and 11, and concludes 73% of contracted rent secured to tenants. The park has a diversified income base from key tenants including national trade counter operators such as Dulux and a parcel carrier, with the further four completed to include Halfords (Unit 1), Spin Mobility Limited (Unit 5), Tolva PC (Unit 9) and BP Vet Limited (Unit 11).
The site was purchased in January 2018 and Kier developed it to offer eleven industrial, commercial, warehouse and trade counter units. Units ranged from 3,617 sq. ft to 14,640 sq. ft. The location benefits from excellent road links to the M25 and wider motorway network and transport connections into central London. The property was developed to a very high standard with excellent specification and sustainability credentials.
Phil Sutton, director for Kier Property commented: “Interest in our industrial product continues across the UK and through this scheme we have developed a prime multi-let trade and logistics asset located in a core south east market.
“Finalising these new lettings at Chelmsford confirms that our strategy to develop new industrial, warehouse and trade counter units in key locations remains successful and high on Kier Property’s list of priorities.”
Kier Property has operated in the industrial sector for almost 20 years and developed more than six million sq. ft of industrial space through its Trade City and Logistics City brands and has a pipeline of more than £1.5bn GDV across all asset classes.
A further unit is under offer and two units remain to be let – for further information of the development including available units and quoting terms, please contact our joint agents Savills, Harwin Property Consultants and Cushman & Wakefield:
M: 07807 999 558
M: 07799 221 113
M: 07887 058676
M: 07872 822 528
M: 07793 808 147