WATLOW LIMITED ACQUIRE NEW PREMISES ON ROBEY CLOSE, LINBY

Office News

FHP Property Consultants are delighted to announce the letting of the 4,000ft² office building at Park Place, Robey Close in Linby close to Junction 27 of the M1 Motorway.  The property has been let to Watlow Limited a company with Headquarters in the United States, a specialist in manufacture of custom commercial electric heating solutions.

Mark Tomlinson of FHP Property Consultants who concluded the letting to Watlow Limited commented: –

“Offices in this location of Nottinghamshire have experienced high levels of vacancies coupled with supressed levels of demand for offices of this size.  However, we are seeing increasingly limited supply of genuinely good quality opportunities at this time with a complete lack of new development of offices opportunities.  Slowly but surely we are getting to a position where enquiries actually don’t have the choice that they once had and this is resulting in a more optimistic outlook on the office market as a whole.

Quite clearly we have some way to go before confidence returns to the market in such a way to enable speculative development but lettings such as this are certainly a positive sign.”