FROM MIDWAY TO FINISH LINE IN 6 WEEKS – FHP LET LENTON LANE PREMISES


February 7, 2011

Industrial/Warehouse News

On behalf of private clients, Tim Gilbertson of FHP has secured the letting of substantial warehouse space on The Midway, which runs parallel to Lenton Lane, Nottingham’s favoured industrial destination, to Chinook Sciences. 

The deal concluded sees Chinook take warehouse accommodation to complement their recently occupied office accommodation at Nottingham Science Park.

The deal was brokered by Tim Gilbertson at FHP and Jonathon Seddon at NG Chartered Surveyors and sees Chinook move into a top quality refurbished building in a prime position just off Nottingham’s Ring Road.

Tim Gilbertson commented:

“I have let this building a few times before and it has always been well received in the market.  Primarily, it benefits from an excellent location being set just off Nottingham’s Ring Road but more pertinently it has good car parking and yard facilities and our clients sensibly always present it in the best possible order. 

Their faith in the building and willingness to spend money on the presentation has again yielded favourable results with the swift letting to Chinook Sciences.  We wish the new occupiers well in their new base.”

Jonathon Seddon, Partner of NG Chartered Surveyors, acted on behalf of the ingoing tenant and commented:

“Following on from our having secured flagship offices on Nottingham Science Park for Chinook late last year, renting the premises on the Midway was the final piece of the puzzle for my client.  The rapid growth of the Company meant they needed larger premises to house additional testing equipment in connection with their energy recovery business.”

With substantial good quality space being taken up in the New Year, it is hoped that the property market is starting to come back to life and whilst confidence remains fragile deals are certainly still being done and stock levels are starting to dwindle. 

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