Clowes Developments have announced that Unit 4, a 30,000 sq ft facility at Stud Brook Business Park, has been let to Bucher Municipal, one of the world’s leading suppliers of municipal vehicles have secured the brand-new high-calibre premises which reflects the quality of their vehicle fleet. Renowned for producing the highest quality machines across the road sweeping, sewer cleaning and winter maintenance industries.

Bucher Municipal are on track to expand their nationwide portfolio of bases by taking prime state of the art accommodation in key locations, with Stud Brook Business Park leading the way. The deal completed sees Bucher Municipal take a 10-year leasehold agreement for the brand-new unit of 30,000sq ft which has been built and designed to meet their exact requirements and specifications to provide them with a best-in-class facility. The unit will be available for them to move in from May 2025.

Terry Flannery – UK After-Sales Manager of Bucher Municipal commented:

“The expansion in the range of Bucher Municipal products offered to the UK market demands larger and more flexible service centres. Stud Brook Business Park with its efficient connections make it an ideal location. Clowes and their development team have been excellent partners, helping us adapt the building to our specific business needs. The Stud Brook facility with its modern sustainable design and high-quality construction will be a flagship service centre in our national network.”

James Richards, Development Director of Clowes Developments added:

“Stud Brook Business Park is witnessing a sustained high volume of interest. Welcoming a leading company like Bucher Municipal to the business park is testament to its quality, location and benefits to businesses looking to make the move to the East Midlands. You’re literally a stone’s throw away from the M1, A50, East Midlands Airport and East Midlands Gateway Train Station. It really is a great location for business.”

The deal was put together by Tim Gilbertson, Director of FHP Property Consultants who added:

“It’s great to welcome Bucher Municipal to Stud Brook Business Park and to provide them with a best-in-class facility in such a prime location. 

Due to us being able to agree terms early with Bucher Municipal, our clients were able to create a bespoke build for them on this fabulous site meeting all their requirements and exacting criteria.

Of the nine units being speculatively built at Stud Brook Business Park in the first phase, only two now remain and there are early discussions on those which hopefully will result in the park being full at or shortly after completion of the first phase of development.

For any occupier still looking for space in a prime location adjoining East Midlands Airport and the M1 motorway at Junction 24, now is definitely the time to shout, although there is another phase of smaller units coming in early 2026 ranging from circa 3,000ft² to 4,500ft² where we are already in discussions with occupiers well in advance of work even starting on site.

It has been a pleasure dealing with Bucher Municipal and I wish Nigel and his team well at their fabulous new base.”

Whilst available space at Stud Brook Business Park is becoming somewhat limited there does remain some opportunity for leasehold agreements. Interested parties are invited to contact agents directly via richards@ng-cs.com and tim@fhp.co.uk.

FHP Property Consultants are delighted to announce the letting of Units 3 and 4 Sawmills Industrial Estate, Longbridge Lane, Heanor, DE75 7GH which provides new build industrial/ warehouse space with a high-quality specification.

The entire estate is a new industrial development which offers shell specification with three phase power, electric roller shutter door and an excellent provision of allocated parking. The units are located off Longbridge Lane in Heanor which links to the dual carriage A610 ultimately providing fast access to Junction 26 of the M1 motorway.

Pleasingly we still have Units 1 & 2 which are both ready and available to let immediately with the dividing walls having just complete. Unit 1 is 1,507 sq. ft. and Unit 2 is 2,099 sq. ft and they are available at a competitive rent.

Corbin Archer of FHP Property Consultants comments:

“Pleasingly we have managed to let two of the four units we have available at this estate following completion of the construction. With Units 1 & 2 still available in differing sizes I expect it won’t be long until this estate is fully let.

The units offer great quality new build industrial/ warehouse units in a good location and great parking provisions. If you are interested in a unit in this location or you are in search of a new build high quality unit for you business then please contact me on the details below.”

For further information please contact Corbin Archer on 07929 716 33 /corbin.archer@fhp.co.uk or Harry Gamble on 07398 443 828 / harry.gamble@fhp.co.uk.

ENDS

Corbin Archer

March 2025

“Thanks again Harry for your hard work particularly on the smaller units of late to get the estate fully let”

We are delighted to be working with Laurence Barton and Ben Cronan of Aitchison Raffety in bringing a rare freehold opportunity to the market in a prominent trade counter / light industrial / warehouse location in Sutton in Ashfield.

A detached unit of 8,720ft² with excellent parking available by virtue of the relocation of Cromwell Tools Limited.

Contact John Proctor johnp@fhp.co.uk / 07887 787 880 or Anthony Barrowcliffe MRICS anthony@fhp.co.uk / 07557 972 008 or Laurence Barton Laurence.Barton@argroup.co.uk / Ben Cronan Ben.Cronan@argroup.co.uk on 020 7907 3700 for further information.

ENDS

12th March 2025

On behalf of private clients, FHP Property Consultants are delighted to announce the letting of Unit 10 Raynesway Park, Raynesway, Derby.

The property comprises modern industrial/warehouse accommodation situated off Raynesway (A6), an established commercial and distribution area with excellent access to the outer ring road, A50 and A52 dual carriageways.  The accommodation provides open plan warehouse space with small office extending to approximately 9,737ft².

The property has been let on new lease terms for a period of 5 years.

Darran Severn of FHP Property Consultants comments:-

“I am pleased to have completed this letting at Raynesway Park which follows the success of last year with the letting of Units 11 & 12 comprising a similar 10,000ft² of warehouse accommodation.

There are not many good quality units around the 10,000ft² mark in Derby and as a result we were able to place this under offer and complete the transaction before any marketing.  Not only that, but we have driven rents on the estate by approximately £1.00ft² within a 6 month period

If any landlords are contemplating placing their unit on the market, then please do get in touch and I would be more than happy to discuss your options.”

For further information on this letting, please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

March 2025

Acting on behalf of long-established Nottingham based business, Pedigree Wholesale, FHP has represented the company in two important transactions for the expansion of the business.

Pedigree Wholesale was first established as a family run business in 1972 and is now one of the UK’s leading suppliers of food and products to the pet industry.

FHP has advised on the off-market sale of Harrisons Mill in Radcliffe on Trent.  This mill property dating back to the early 1900’s had been producing bird foods and products for the business but was outdated and inefficient.  Production was outsourced to a respected family run supplier and the majority of production staff continued employment within the group.  The property has been sold to Synergy Healthcare for demolition and construction of a modern care home facility.

Phil Daniels of FHP commented:

“This site of just over 1 acre on the edge of the affluent village of Radcliffe on Trent was ideal for the construction of a care home.  We directly approached, off market, developers and operators in this sector and attracted very significant interest. Following a competitive best bid process, we were able to secure a sale on an unconditional basis at in excess of the guide price.”

In preparation for the sale FHP also advised Pedigree Wholesale on the relocation of the pet food and product retail outlet that also operated from Harrisons Mill.

Given the very limited availability of retail shops in Radcliffe on Trent, FHP canvassed and identified an off-market opportunity.  Liaising directly with the owners of a vacant premises on Bingham Road on the edge of the village centre, FHP were able to secure the purchase of the freehold on favourable terms.

Now open and trading under Pedigree Wholesales retail brand ‘Just for Pets’ the new store is able to offer a full range of pet products and food to a wider market.  Just for Pets now trades from 24 locations throughout the UK.

Jack Shakespeare of FHP commented:

“It was a pleasure to represent Pedigree Wholesale in this important relocation.  Our expertise and tenacity allowed us to relocate the former store in a timely manner which was integral to the sale of Harrisons Mill.”

Steve Brown, Chief Executive Officer of Pedigree Wholesale commented:

“It has been a pleasure to work with FHP on these important transactions which will be integral to the future expansion of our business.”

FHP Property Consultants are delighted to announce the letting of Unit 8 Derby Trading Estate, which was recently refurbished to offer high quality clear span warehouse accommodation with an office, kitchenette and W/C facilities. The property also benefits from excellent signage coverage as it is facing onto Sir Frank Whittle Road (A61) and has adequate yard space with car parking.

Following Northern Trust’s investment in refurbishing the property and after a very brief marketing period we managed to place the property under offer within weeks and it completed within one week of heads of terms being issued.

Derby Trading Estate is already a very popular industrial/storage estate in Derby given its great visibility and transport links as the estate occupies a prominent, well located position between Sir Frank Whittle Road (A61) and Stores Road on the north side of Derby City Centre, providing good access around the City and the A52 dual carriageway.

We will shortly be marketing Unit 24 which comprises 1,726ft² of refurbished clear span warehouse accommodation and will be available in approximately 6 weeks at a rent of £20,172 per annum.

Corbin Archer of FHP Property Consultants comments: –

“As a result of the refurbishment Northern Trust had undertaken, coupled with a lack of industrial units sub 3,000ft² in the area and the estate’s location meant we were able to achieve the highest rent on the estate to date and let the property within a few weeks.

Pleasingly we have another unit coming available soon, Unit 24, which will offer a very similar finish to that of Unit 8 and is of a similar size. If you are interested, then please do get in touch with me on the contact details below as I expect a large amount of interest in the property.”

For further information please contact Corbin Archer on 07929 716 33 /corbin.archer@fhp.co.uk or Harry Gamble on 07398 443 828 / harry.gamble@fhp.co.uk.

ENDS

Corbin Archer

March 2025

Acting on behalf of leading global real estate investment manager, Hines, Tim Gilbertson, Director of FHP Property Consultants is delighted to confirm the letting of over 100,000ft² to Davenham Switchgear, a blue chip occupier, at Fairham Business Park, Nottingham’s foremost business and commercial park.

This speculatively constructed unit has been acquired by Davenham Switchgear on a long term lease, as they bring further jobs and investment to Nottingham and the East Midlands and augment the strong occupier line up already at Fairham.

In a deal pulled together and overseen to its successful conclusion by Tim Gilbertson, he commented:

“What an absolute pleasure to be involved in this transaction.  The letting of over 100,000ft² in Nottingham’s foremost business location, Fairham Business Park, is a real boost for Nottingham and indeed the wider region as Fairham’s fabulous transport links and environment attracted our eventual occupier who wanted to take advantage of the unrivalled communication links and environment that has been created at the park.

I am delighted that we managed to secure such a high calibre covenant as occupier and it was a pleasure to work with Tom Nicholson from Davenham Switchgear throughout.

Equally, It has been my pleasure to act for our clients, Mickey Scott and Greg Cooper at Hines, as their sensible approach to the transaction and foresight to secure such an investment opportunity must be recognised and by securing this letting, they have procured a fabulous investment for themselves with a blue chip covenant taking a long term lease in this prime location.

For all parties, this is a great deal and great result and with other space under offer at Fairham Business Park, I look forward to bringing news of further transactions soon.”

Mickey Scott, Director at Hines added his thoughts:

“I am thrilled to have completed this deal with our occupier, adding another notable tenant to our line up at Fairham Business Park. Having two of our three units at Fairham now let, and the other under offer, is testament to the quality of the buildings and location. We look forward to seeing more activity in 2025 at our remaining available sites in the East Midlands, Dove Valley Park and East Midlands Distribution Centre.”

Tim Gilbertson concluded by adding:

“Despite the ongoing economic uncertainty, we are still finding good demand for space across the board in the industrial and distribution sectors and hopefully this further success will be a precursor to a successful and productive 2025.”

For more information on this deal or to see how FHP Property Consultants can help you with your acquisition, letting or sale of commercial property, please contact Tim Gilbertson of FHP Property Consultants on 07887 787 893 or tim@fhp.co.uk.

ENDS

Tim Gilbertson

3 March 2025

Available for the first time in 10 years, we are pleased to make available on a new lease this high calibre warehouse / production unit which sits on a securely fenced and gated site just off the A38 in Sutton in Ashfield.

Set therefore within quick access of Junction 28 of the M1 and readily accessible for the local centres of Sutton, Kirkby and Mansfield, the building offers very simple clear span production or warehouse space of just over 14,000ft² available on a new lease.

With the benefit of having a site shared with only two other occupiers and which is securely fenced and gated, this is a rare visitor to the market and should fill a gap in a market where opportunities for units of this size and calibre are hard to find.

For further information or to arrange to view, please contact Jamie Gilbertson (07747 665 941 / jamie.gilbertson@fhp.co.uk) or Tim Gilbertson (07887 787 893 / tim@fhp.co.uk) of FHP Property Consultants.

ENDS

Tim Gilbertson

27 February 2025

On behalf of private clients, FHP Property Consultants are pleased to bring to the market Unit E7, Ashlyn Road, West Meadows Industrial Estate, Derby, DE21 6XE.

West Meadows Industrial Estate is conveniently located off Pentagon Island at the intersection of the A52 and the A615 Sir Frank Whittle Way, which leads to the A38 dual carriageway.  Therefore the property has good road connections to the M1 motorway, city centre, and the inner and outer ring roads.

West Meadows Industrial Estate is popular with trade counters, manufacturers and storage operators alike, with local occupiers including Plumb Centre, Europcar, Suzuki/Omoda Car Dealership, Kwik Fit and Motorpoint.

The property comprises clear span industrial/warehouse accommodation with an amenity block at the front.  The internal eaves height is approximately 5.9 metres rising to 6.6 metres with access via an electric roller shutter loading door.  The basic specification includes LED lighting, roof lights, 3 phase power, W/C, concrete flooring and parking.

This 5,010ft² industrial/warehouse unit is available on new lease terms at a rent of £45,090 per annum.

Harry Gamble of FHP Property Consultants comments:

“There are not many 5,000ft² high quality industrial/warehouse units in Derby let alone on an established industrial estate like West Meadows.  We are pleased to bring this property to the market, particularly at a time when there is a general shortage in stock in and around Derby and with this unit being situated just off Pentagon Island, we suspect there will be a good amount of interest.  This unit would suit manufacturing, storage uses and trade counters so I look forward to speaking with prospective occupiers.”

For further information or to arrange a viewing,  please contact Harry Gamble on 07398 443 828 / harry.gamble@fhp.co.uk or Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk.

ENDS

February 2025

Plans for the completion of Dove Valley Park (DVP) have been unanimously approved by South Derbyshire District Council.

The consented development will transform an area of land adjacent to Dove Valley Park into a thriving centre of employment, creating local jobs and bringing economic benefits to Derbyshire. It will complete the overall developments of the business park at Dove Valley Park, forming the eastern part of the major 200-acre employment site on the A50 in South Derbyshire that is home to occupiers including JCB, Top Hat, Futaba Ltd and GXO.

The detailed planning consent will allow immediate development with the existing infrastructure of Dove Valley Park is already in place to extend into the site.

Once developed, the 35-acre site will create over 700,000 sq ft of employment space for B2, B8, with ancillary E(g) use. Four units of varying sizes will be created to meet market demand for quality industrial space, along with the necessary associated hard and soft landscaping, car parking and infrastructure.

In addition, a new Innovation Centre will be developed that will serve as a central hub for all businesses in the local vicinity. The Innovation Centre is designed to draw people together and provide space for gatherings, informal meeting space and access to external areas. There will also be a cafe/restaurant and amenity space. The Innovation Centre will also serve as a place for start-up businesses and has been developed in consultation with The University of Derby.

Commenting on the consent, Marc Freeman Director at Clowes Developments said:

On Tuesday 18th February, our detailed planning application for the final phase of development at Dove Valley Park was unanimously approved at committee. This will not only bring over 700,000 sq ft of employment space to Foston, but also provide an Innovation Centre with essential amenities, a central hub for businesses and an opportunity for startup businesses at the thriving business park. We are delighted to be able to press on with construction which will see Dove Valley Park fully developed. We are aiming to start works onsite before the end of the year.”

As part of the consent, a new bus route will be created to provide essential public transport links from Derby City centre directly to Dove Valley Park. This will complement the existing bus route from Uttoxeter to the business park with timings amended to match employee shift patterns on site.

Tom Morley, Senior Land and Planning Surveyor at Clowes Developments commented,

“We have worked closely with both South Derbyshire District Council and Derbyshire County Council to research existing routes, this also included canvassing opinion of current occupiers on the existing service to DVP and how it could be improved to meet the needs of its users. Through extensive consultation Dove Valley Park Limited have been able to identify the necessary requirements to help grow and develop the existing service. The service will see additional stops through Derby City meaning DVP will become even more accessible to current and future occupiers and their employees.”

For more information regarding design and build opportunities at Dove Valley Park can found on the website clowes-dvp.co.uk, please contact the site’s agents directly for further details, Tim Gilbertson, FHP Property Consultants via tim@fhp.co.uk or Nick Waddington, Carter Jonas on nick.waddington@carterjonas.co.uk.

ENDS

Darran Severn

February 2025

FHP are delighted to announce the sale of the former JK Design & Manufacture Limited premises on Private Road No.1, Colwick Industrial Estate, Nottingham.

The property comprises a two storey office block to the front elevation with clear span production/warehouse space to the rear.  There is a car park to the front and a very large self contained rear yard.  The property is detached and securely fenced with a large incoming power supply and measured 1,737.37m² (18,701ft²) on a circa 1.2 acre plot.

Colwick is a very established industrial location and we are very pleased that the buyer has decided to retain FHP as their letting agents whilst they undertake a substantial refurbishment.  The unit has already been stripped out and brand new cladding has been ordered.  Works scheduled include full refurbishment of the office block, new roller shutter doors, new cladding on all elevations, redecoration throughout, new lighting, replacement/repair of roof lights, external landscaping, new fencing and car park re-lining.   The property’s EPC will also be significantly improved and we are offering this property at a very competitive rent of £6.42 per sq ft in a market starved of good quality warehouse space with large self contained yards.  The general specification of the building includes:

• Steel portal frame industrial unit
• Two storey offices to front elevation of open plan and cellular space including reception and board room facility
• Solid concrete floors throughout
• Gated and secure site
• Front staff car parking
• Numerous roller shutter doors
• 3 Phase power (large incoming supply)
• Lighting throughout
• Translucent roof lights
• WC’s, kitchen and ancillary space

Anthony Barrowcliffe of FHP commented:

“We are delighted that we managed to sell this building and to do so off market, this method suited the vendor as well as the purchaser.  The purchaser has already commenced the full refurbishment and we are delighted that we have been retained to find them a new tenant.  

I have worked alongside the purchaser previously and am very excited to see the high level of refurbishment that they will undertake and to see the end product once the refurbishment has completed which is expected for April 2025.  

We are always hungry for new freehold instructions and have a fantastic database of live requirements and clients who are eager to buy alongside a really good database of tenants looking to let, especially within Nottingham.” 

For further information on this transaction or other available units on the market, please contact Anthony Barrowcliffe of FHP on 07557 972008 / anthony@fhp.co.uk.

FHP Property Consultants are delighted to bring to the market Unit 1 and Unit 7 Viking Business Centre, Swadlincote, DE11 7EH.  These industrial/warehouse units comprise 1,735ft² and 1,362ft² respectively.

Viking Business Centre is situated off the A511 High Street, Woodville, which is close to its junction with the A514.  Woodville is well located, approximately 6 miles south-east of Burton upon Trent and 4 miles west of Ashby-de-la-Zouch and Junction 13 of the A42.

Both properties comprise an end terrace industrial/warehouse unit of steel portal frame construction and provide clear span warehouse accommodation with a small office, W/C and kitchenette.  The specification includes 3 phase power, electric roller shutter door and LED lighting.  The properties are currently undergoing a comprehensive refurbishment and will be available in Q2 of 2025.

These industrial/warehouse units are available to let on new lease terms at a rent of £19,920 per annum and £15,663 per annum respectively.

Harry Gamble of FHP Property Consultants comments:

“These properties provide a great opportunity for newly emerging businesses to establish themselves on a high-quality industrial estate.  Once the refurbishments have taken place, the units will generate a lot of interest, so I don’t expect them to sit around for long.  We have recently let out Unit 5 Viking Business Centre and upon completion of the refurbishment we had found a tenant within a couple of weeks.  Therefore, if you are interested in these properties please get in touch on the contact details below.” 

For further information or to arrange a viewing, please contact Harry Gamble on 07398 443 828 / harry.gamble@fhp.co.uk or Corbin Archer on 07929 716 330 /corbin.archer@fhp.co.uk

ENDS

Harry Gamble

February 2025

FHP Property Consultants are pleased to have been instructed to market 2B Aspen Business Park, Spondon on new lease terms.

The property has excellent access to the A52 dual carriageway on the east side of Derby ultimately leading to the M1 motorway at Junction 25.

The property comprises an end terraced industrial/warehouse unit which has been extensively fitted out with good quality offices and storage space.  The offices are fitted to a high specification including suspended ceilings with lighting, air conditioning, heating, double glazing and windows at first floor.  The property also benefits from an on-site storage area and parking at the front.

The property is available to let on new lease terms at a rent of £20,000 per annum.

Corbin Archer of FHP Property Consultants comments:

“This property provides a unique opportunity given the hybrid nature of the property for an occupier looking to occupy part of the unit as offices and have the additional space as storage space.  The accommodation provides a total of 5,440ft² which is split over two floors.

The property is also conveniently located close to the A52 dual carriageway and therefore if you are interested, please get in touch on the contact details below.” 

For further information or to arrange a viewing, please contact Corbin Archer (07929 716 330 /corbin.archer@fhp.co.uk) or Harry Gamble (07398 443 828/harry.gamble@fhp.co.uk).

ENDS

Corbin Archer

February 2025

Fairham Business Park in Nottingham is one of Clowes’ Developments flagship schemes where over one million square feet of commercial space is planned together with 3,000 dwellings.

In a deal brokered by their agent, Tim Gilbertson of FHP Property Consultants, the latest deal has now been revealed by Clowes as they have secured a pre-sale of a unit of 72,000ft² to CLEAN Linen & Workwear for their relocation and expansion of their existing Nottingham facility.

As one of the UK’s leading laundry companies, CLEAN specialises in providing high-quality linen and workwear rental services to household names and discerning independent hotels, in addition to a range of other industries throughout the UK, with their parent company, Alsco, being a pioneer in the industry since 1889.  CLEAN’s desire to be the first choice for uniforms, hospitality linen and facility services throughout the country was quickly aligned with Fairham Business Park’s aim of being best in class for manufacturing and distribution use throughout the East Midlands and a deal was swiftly agreed. The new facility will meet the highest efficiency and sustainability standards, incorporating the latest automation and laundry technology advancements to significantly enhance CLEAN’s capability to serve its growing customer base. At the same time, ensuring the delivery of high-quality, reliable laundry services throughout the region.

Development Director at Clowes Developments, James Richards, commented:

“To date we’ve seen huge success at Fairham Business Park with a high calibre of occupiers choosing to make Fairham their home for business. It’s great to secure CLEAN and add another multi-national company into the mix. Fairham Business Park has already provided employment for over 750 people, the addition of CLEAN will bring that number to over 1000. We are delighted with the inward investment being generated for the area and hope to continue this as we look to bring forward phase two of the development. As is always the case with our projects, our professional team of advisers have delivered another great result for us in getting this deal over the line, special thanks goes to our legal representatives, Heather Dixon and Chris Hawrylak at Geldards LLP. ”

Director for Operations for Hotel Linen, John Newland, who was at the forefront of the deal for CLEAN, added:

“CLEAN is excited about our new laundry facility at the Fairham Business Park, in partnership with Clowes Developments and their delivery partners. This collaboration has truly embodied the spirit of partnership, progressing through the design and planning stages with remarkable speed and efficiency. We eagerly await the completion of this project, which will feature our most advanced laundry facility to date. This cutting-edge facility combines over a century of expertise with the latest technological innovations. After an extensive search, we selected the Fairham site for its top-tier facilities, abundant utilities, and excellent transport links. These attributes will enable CLEAN to continue providing exceptional service to our customers for many years to come.”

The agents for Fairham Business Park were Tim Gilbertson, Director at FHP Property Consultants and Rob Champion, Partner at Fisher German.

 This deal was brokered by Tim Gilbertson who added:

“Fairham Business Park continues to go from strength to strength, and this is the latest deal we have agreed on, which sees another fantastic name join Fairham Business Park to augment the fabulous array of occupiers we have in place.

 From our initial discussions through CLEAN’s agent, Mitchell Brooks of Kempton Carr, it was clear that there was a synergy between CLEAN’s aims and what could be offered at Fairham, and it was a smooth process, as a detailed specification was quickly agreed for the bespoke facility CLEAN required.

 The end result is that we have now exchanged contracts for Clowes Developments to construct a unit of 72,000ft² for CLEAN, which will enable their expansion and relocation in the region as they continue to grow their business and expand their services to customers both old and new.

 This is the last of the large development plots that we have available at Fairham Business Park but we can still offer bespoke distribution or manufacturing space from as little as 10,000ft² up to nearly 70,000ft² and with CLEAN’s building expected to be ready for occupation by the middle of 2026, that will take the space built and occupied on the park to well over half a million square feet.

 2026 should also see us release details of the next phase of development, which will bring further facilities to the site and other opportunities for occupiers to take space ranging from offices to trade counters to standard industrial or warehouse units to retail and leisure with more detail to be provided shortly.”

Agent for CLEAN, Mitchell Brookes of Kempton Carr, concluded by adding:

 “Kempton Carr Croft have worked with CLEAN for a number of years, I was delighted to assist with acquiring this latest premise to add to their portfolio and continue to watch CLEAN grow in strength.  We undertook a search and reviewed several possible sites / options in 2024 on behalf of CLEAN, Fairham by far ticked the most boxes due to its location, connections and specification.  It was a pleasure to work with Tim, and Clowes Developments on this acquisition which was a smooth process from start to finish.”

For full information on the deal or to see how Fairham Business Park might be the ideal new home for your business, please contact either of the agents, Tim Gilbertson at FHP (07887 787 893 /  tim@fhp.co.uk) or Rob Champion at Fisher German (01214 260891 / rob.champion@fishergerman.co.uk).

ENDS

Tim Gilbertson

17 February 2025

FHP are delighted to announce the sale of a 613.3m (6,601ft²) industrial unit on the established Moorbridge Road Industrial Estate in Bingham, Nottingham.  This was a long leasehold (999 years from 1989, a virtual freehold) detached industrial/warehouse unit with two storey offices to the front elevation with car park to the front and large secure rear yard.

The former owner occupier had replaced the roof of the property and the general condition of the property was excellent with the property having been well maintained and cared for.  This unit has great access to the A46 and is located in close proximity to Nottingham, Newark, Grantham and Leicester.

Anthony Barrowcliffe of FHP commented:

“The marketing of this unit was launched on 18 October 2024, I received numerous bids on this instruction and a cash buyer was found in excess of the asking price with the sale completing on 19 December 2024 – 2 months after the marketing commenced.  This was a fantastic result and shows how quickly the process can be with a motivated buyer and a motivated seller.  The building had all the correct fundamentals, was well maintained and looked after and was in a great location.    

I look forward to bringing more instructions such as this to the market which is starved of freehold industrial stock, so keep in touch and watch this space!” 

For further information on this transaction or other available units on the market, please contact Anthony Barrowcliffe of FHP on 07557 972008 / anthony@fhp.co.uk.

FHP are delighted to announce the successful leasing of two significant units at Teal Park Industrial Park, Netherfield, Nottingham.

Acting on behalf of Northwood Urban Logistics these lettings totalling 38,500 sq ft bring the industrial element of the scheme to full occupancy and mark another milestone in the development’s success.

Unit 5 has been let to Europcar Group UK Limited, a global leader in vehicle rental services, and Unit 6 has been leased to Harlow Bros. Limited, a family-owned business specialising in timber products and bespoke construction solutions.

The Teal Park scheme offers 160,000 sq ft of premium industrial and trade units located fronting the Colwick Loop Road to the East of Nottingham and has quickly established itself as a hub for thriving businesses.  These latest lettings complement the strong line up of occupiers on the estate, including Screwfix, Howdens, Toolstation, Karcher, ETB, Paint Well, ROL Fredbergs UK, Octopus Energy Eco and many more.

These new leases demonstrate the continued demand for high-quality industrial and warehousing space in the East Midlands.  There is now just one final unit remaining of 3,702 sq ft on the trade element of the scheme – with the opportunity to join the strong trade line up.

The letting agents for the scheme are FHP as well as Phillips Sutton and JLL as joint agents.

Clowes Developments’ 20-acre Stud Brook Business Park has taken another important step forward as the units which will be occupied by Sainsbury’s and Starbucks reach practical completion.

The developer received planning permission for the Sainsbury’s convenience store and Starbucks ‘drive-thru’ last July – both units are now ready for the well-known brands to move in and begin their fit-out programme as construction contractor Roe Developments delivers the buildings on time and according to schedule.

James Richards, Development Director at Clowes Developments, said:

“It’s fantastic to see the Sainsbury’s and Starbucks units reaching practical completion – both will complement the industrial and warehouse offering at Stud Brook Business Park and will be a real convenience boost for the neighbouring residents – as well as bringing new jobs to the area.”

Stud Brook Business Park, a high-quality scheme at Castle Donington will include units ranging from 8,500 to 30,000sq ft when completed. The warehouse and industrial units will be delivered by a team including IMA Architects, lead contractor TanRo, Millwards engineers and Postins Project Services.

The delivery team are aiming for a BREEAM ‘Excellent’ rating and an EPC rating of ‘A’ for units 2-7, in line with Clowes Developments’ sustainability goals. Features include recycling solutions, solar-ready roofs, electric vehicle charging points and

landscaping. Additionally, units 2-7 will be delivered as ‘Net Zero in Occupation’, which will enable future occupiers to operate at Net Zero emissions.

Stud Brook Business Park will cater for small and medium-sized businesses while also accommodating larger national operators with recognised household names to be announced in due course. Marketing for the development is being led by FHP Property Consultants and NG Chartered Surveyors.

Tim Gilbertson at FHP Property Consultants, said:

“We know how onsite facilities improve the attraction of industrial estates substantially providing effectively breakout areas and opportunities to ‘get away from the desk’ or have impromptu meetings for business owners and staff alike, so for FHP to have secured both Starbucks and Sainsbury’s for this scheme is great news all round and will, I have no doubt, help us to find the last couple of occupiers for the few units remaining.”

Richard Sutton, Managing Director at NG Chartered Surveyors, added:

“It’s brilliant news that these first two units are set to be occupied by such big-hitters. This will only help drive even more quality occupiers to Stud Brook Business Park – and the level of demand we’ve seen for this high-end development has already been incredibly high.”

Clowes and their agents are currently marketing a handful of speculatively developed units that sit within the first phase of the development which will be ready for occupation by the Spring. Additionally, they are now starting to take enquiries from trade counter operators. Plot 1 sits at the front of the site, benefitting from a prominent roadside presence and onsite parking, these units ranging in size from 3,229 – 4,606sq ft will wrap around the new Starbucks Drive-Thru facility, this part of the business park has been designed to enhance amenities for locals, occupiers and visitors.

Remaining opportunities are available on a leasehold basis. Interested parties are invited to contact agents directly via richards@ng-cs.com and tim@fhp.co.uk.

On behalf of private clients, FHP Property Consultants are pleased to bring to the market Unit 1.1 Amber Business Centre, Riddings, Derbyshire, DE55 4BR.

Amber Business Centre is popular and well-established distribution and manufacturing estate located in Riddings, Derbyshire.  The site is situated approximately 17 miles north east of Derby and 19 miles north west of Nottingham.

The property comprises a semi-detached industrial/warehouse unit providing clear span accommodation with office/reception, kitchen and W/C’s.  The premises also benefits from two level access roller shutter loading doors and a shared yard to the front.

The industrial/warehouse unit is available on new lease terms at a rent of £66,122 per annum.

Darran Severn of FHP Property Consultants comments:

“Amber Business Centre provides approximately 400,000ft² of industrial/warehouse accommodation and is on the brink of full occupancy.  Unit 1.1 is available from April 2025 as a result of the existing tenant upsizing to over 20,000ft² on the estate.

We are pleased to bring this property to market particularly at a time where there is a general shortage in stock around Junction 28 of the M1.  The unit would suit manufacturing or storage uses and I look forward to speaking with prospective occupiers.” 

For further information or to arrange a viewing,  please contact Darran Severn 079187 460 031 / darran@fhp.co.uk or Harry Gamble on 07398 443 828 / harry.gamble@fhp.co.uk.

ENDS

January 2025

FHP Property Consultants are delighted to bring to market Unit 8 Derby Trading Estate, which comprises 26 industrial/warehouse units suitable for either trade counter, workshop or storage uses. The estate occupies a prominent, well located position between Sir Frank Whittle Road (A61) and Stores Road on the north side of Derby City Centre, providing good access around the City and the A52 dual carriageway.

This unit has recently been refurbished to offer high quality clear span warehouse accommodation with an office, kitchenette and W/C facilities. The property also benefits from excellent signage coverage as it is facing onto Sir Frank Whittle Road (A61) and has adequate yard space with car parking.

Unit 8 is available to let at a rent of £19,750 per annum and is 1,713 ft².

Corbin Archer of FHP Property Consultants comments: –

“There is a real lack of industrial units sub 3,000 ft² in and around Derby City Centre, let alone ones of this quality following an excellent refurbishment by Northern Trust.  I expect there to be a lot of interest in this unit for those reasons alongside the benefit of this property facing Sir Frank Whittle Road which allows for an occupier to have great advertising signage on a very busy road that takes cars into the City Centre from the A38.

If you are interested, then please do get in touch with me on the information below.”

For further information please contact Corbin Archer on 07929 716 33 or Harry Gamble on 07398 443 828 / harry.gamble@fhp.co.uk.

ENDS

Corbin Archer

January 2025

Amber Business Centre is a popular, well-established distribution and manufacturing estate in Riddings, Derbyshire.  The industrial estate enjoys a prime location offering easy access and convenience to businesses and visitors.  It can be easily accessed via the A38 linking to the M1 motorway at Junction 28.

The 36 acre site provides approximately 400,000ft² of industrial/warehouse accommodation across 58 units. The units range in size from 618ft² to 50,000ft² plus.

Following a successful twelve month period, where FHP Property Consultants averaged approximately one letting a month, occupancy rates currently lie at 99.85%.  More pleasingly, the remaining vacant unit is under offer, and the letting is due to complete in February which will take the estate to 100% occupancy.  The majority of these deals have been under 5,000ft² with the exception of Block 19 which totals 28,000ft².

Harry Gamble of FHP Property Consultants comments:

“There seems to be a big push in the demand for sub-5,000ft² industrial/warehouse in and around Junction 28 of the M1 motorway. Looking back on 2024 it was a rarity if I wasn’t at Amber Business Centre at least once a week carrying out viewings! The take up has been excellent and I have carried out lettings to a number of different businesses including; fabricators and storage and parts assembly businesses to name a few. Due to the demand in this location and the quality of the site, we are now seeing rents in the region of £12.00 per ft² on the smaller units.

Whilst we approach full occupancy at Amber Business Centre there is no slow down in enquiries in this sector of the market. The lack of good quality units throughout Derby and Derbyshire means that we are speaking to businesses who are struggling to find space and I would be delighted to hear from any landlords who may be thinking of letting out their unit.”

For further information or to discuss your property matters, then please contact Harry Gamble on 07398 443 828  / harry.gamble@fhp.co.uk or Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk.

ENDS

Harry Gamble

January 2025

A great way to start the New Year as Tim Gilbertson, Director at FHP Property Consultants, is pleased to announce the first deal of 2025 with the letting of over 40,000ft² of prime space just off Junction 28 of the M1 Motorway.

Acting on behalf of Legal & General, the deal agreed sees over 40,000ft² of space let to Medequip, an expanding medical company who are the leading provider of community equipment services to local authorities and the NHS throughout the UK.

Tim Gilbertson, who concluded the deal on behalf of the Landlord, commented:

“What a lovely start to 2025 this is, this prime Grade A refurbished space at Junction 28 has created a lot of interest and I am delighted to see that we have now completed the letting to a strong covenant as they expand and relocate to continue their position as the UK’s leading supplier of community equipment services to both the local authorities and the NHS.

A long term lease has been secured on the building which created good interest after extensive marketing with its recent net zero carbon refurbishment adding attraction to the occupier eventually secured.

This again shows a lack of similar available stock now in the marketplace but hopefully as the year progresses there will be more opportunities of similar calibre available in the market.

Andrew Firth, Medequip’s Operations and Commercial Director, commented:

“Medequip required a new distribution centre to consolidate our operations from existing sites in Alfreton and Derby which service our Derbyshire and Derby City Community Equipment Service contracts.  The net zero carbon property will contribute to our own decarbonisation aims as well as providing a more efficient and convenient centre for our local colleagues and customers.”

Tim Gilbertson concluded by adding:

“Hopefully, this letting is a good sign of a successful year to come for the industrial and distribution market throughout the East Midlands and with ongoing demand and limited space, we hope to bring news of further similar deals shortly but as ever, there is a demand for more space to come to the market to meet ongoing enquiries.”

For more information on this deal, please contact Tim Gilbertson of FHP Property Consultants on 07887 787 893 or tim@fhp.co.uk.

ENDS

Tim Gilbertson

16 January 2025

On behalf of private clients, FHP Property Consultants are pleased to confirm the sale of Units 4 – 6 Downing Road, West Meadows Industrial Estate, Derby, DE21 6HA.

The property is situated on Downing Road, which is conveniently located close to Pentagon Island at the intersection of the A52 and A61.

The premises originally comprised three industrial/warehouse units which have all recently been combined and linked together providing 28,675ft².  The accommodation provides clear span space and has recently refurbished offices.

The unit has been sold to a local owner/occupier who required the space due to expansion.

Darran Severn of FHP Property Consultants comments:

“I am pleased this transaction has completed in what has been a great result for both our client and the purchaser.  The unit itself provides good quality warehouse accommodation which is perfect for storage and distribution.

There remains good demand for freehold warehouse units in Derby and further afield due to shortage in supply.  As a result, I am currently speaking with several parties that missed out on this opportunity and would be delighted to hear about any available units.”

For further information on this letting please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

January 2025

Acting on behalf of private clients, FHP Property Consultants are delighted to confirm the letting of Units 11b – 11c Willow Farm Business Park, Castle Donington, DE74 2US.

Willow Farm Business Park is an established industrial/warehouse location in Castle Donington, Leicestershire.  The estate provides excellent access from the A50 to Junction 24/24a of the M1 motorway.  In addition, East Midlands Airport is directly accessed by the new Castle Donington western relief road.

The property comprises a semi-detached industrial/warehouse unit providing modern accommodation with clear span warehousing and offices.  Externally, the unit benefits from a large yard with a secure gated entrance.

Units 11b – 11c have been let to one occupier on new lease terms for a period of 10 years.

Darran Severn of FHP Property Consultants commented:

“This unit came to market earlier this year and following a short marketing period we successfully placed the property under offer.  We have been able to secure a 10 year lease at a rent equating to £7.95ft² which is excellent on accommodation of this age and specification.

This letting continues the trend that units between 20,000ft² and 80,000ft² have remained in demand throughout the year.  In particular, Castle Donington has proven again that it is an exceptional location and we are speaking with a number of parties that missed this opportunity and require space.” 

Commercial Property Partners acted as joint agents alongside FHP.

For further information on this letting, please contact Darran Severn on 07917 460 031 or email darran@fhp.co.uk.

ENDS

December 2024

There are very few significant manufacturing complexes on large secure sites which are even in existence in Nottingham and surrounding areas as many have been redeveloped over recent years and given this lack of opportunity, Tim Gilbertson, Director of FHP Property Consultants is delighted to bring to the market the Former Filtrona Premises behind the IKEA store in Giltbrook just off the A610 and Junction 26 of the M1 in Nottingham.

Extending to just over 113,000ft² on 7.6 acres, the building offers a range of manufacturing and potential storage space plus offices all on a large secure site with two access points in a prime location for access to Junction 26 of the M1 and the A610 dual carriage way.

Tim Gilbertson commented:

“Very few large manufacturing complexes exist in Nottingham as so many have been redeveloped over the years and therefore I do hope and anticipate that we will have strong interest in this rare visitor to the market.

The premises are ideal for an expanding local occupier who can use the large site area to adapt over time or alternatively, subject to planning, there may be development opportunities and angles here for any number of uses.

The site sits behind the IKEA store just off the A610 dual carriageway in Nottingham, within moments of Junction 26 of the M1 motorway and hopefully this opportunity in the market will fill a hole in supply for this style of stock which has existed in Nottingham for some time.”

For full details or to arrange a viewing, please contact Tim Gilbertson (07887 787 893 / tim@fhp.co.uk) Darran Severn (07917 460 031 / darran@fhp.co.uk) or Harry Gamble (07398 443 828 / harry.gamble@fhp.co.uk) of FHP Property Consultants.

ENDS

12 December 2024

As 2024 comes to an end we look back on how the Nottinghamshire industrial/distribution market has performed specifically looking at the deals transacted between 5,000ft² and 40,000ft² throughout Nottinghamshire by FHP.

Although 2024 has been a tougher year than others with many factors out of our control such as interest rates, a new government, the budget and a new American President, this sector has remained resilient and transactional.  There was a reduction in enquiries compared to other years, however, we found that the parties out there looking tended to be very serious and active in their search.

There is still a lack of supply in the industrial/warehouse sector with very few, if any, speculative developments taking place.  Competition tends to be poor quality which in turn allows us to push capital values and rental figures on any good quality new or second hand stock.

The final quarter of 2024 has been particularly slow with the recent budget and uncertainty of how the market will react to these changes especially in relation to taxation and inheritance tax.  From our conversations with businesses, now we are approaching the end of the year, they have seen sales bounce up and down and be fairly inconsistent and volatile in 2024 and in turn, we have found that they are thinking more strategically about their business decisions.  It is also important to note technological advances and evolving consumer demands and an increased online presence is changing businesses and the way they operate, which again increases the popularity of industrial/warehouse units.  Although tougher economically, the changes stated above have led to strong demand for industrial/distribution units especially due to there simply not being enough stock out there (supply chain inefficiencies).

The majority of enquiries in the 5,000ft² – 40,000ft² size range throughout Nottinghamshire is from local and regional businesses, or businesses looking to start up/relocate in the East Midlands to benefit from the locality of Nottinghamshire to the M1 Motorway which services the whole of the UK, the labour pool and cost efficiency with rental and purchase prices for these units, making them attractive for businesses looking to optimise cost.

The story of 2024 is there has been a shortage of good quality industrial stock, especially new build developments due to high land values and build costs.  This however, has meant FHP pushing the values of good quality secondary units both to let and for sale.  The industrial schemes which have been speculatively built such as Teal Park in Netherfield, Headstocks Business Park in Watnall and Portland Drive in Shirebrook, have all seen huge success with these three estates nearly at full occupation.  Therefore, we are encouraging where viable, parties to consider schemes such as these due to the proven success.  Strategic locations are still in heavy demand and if units are located in close proximity to major roads they prove popular.

Going into 2025 we have exciting schemes coming out of the ground such as Private Road No.2 in Colwick comprising circa 20,000ft² of small to medium sized units and Access 38 in Sutton in Ashfield where units range from circa 5,000ft² – 30,000ft².  Most excitingly on the new Access 38 scheme, we can offer units on a freehold basis which is very much needed in a market where there is very little to buy. 

For further information on FHP’s available units on the market, please contact Anthony Barrowcliffe of FHP on 07557 972008 / anthony@fhp.co.uk.

As we approach 2025, it is a great time to reflect on the last 12 months in the sub-5,000ft² industrial/warehouse sector. Overall, the market has remained resilient despite the political and economic pressures and pleasingly we still found ourselves completing deals and taking on new instructions.

The year started off strong with enquiries showing no signs of slowing down from the previous year. We were successful at Amber Business Centre in Riddings which showcased the demand for small stock as we let over five units and we now have three further units under offer. Across Derbyshire, the sub-5,000ft² industrial/warehouse sector has been underpinned by a lack of small units and particularly those of good quality.

As we got further into the year due to the political and economical uncertainty with the election and budget the market conditions slowed down with businesses of all sizes being careful when making decisions. That being said, there is still a constant demand for sub-5,000ft² units in the heart of Derby and the surrounding areas including Alfreton, Ilkeston & Long Eaton. Most of the enquiries are local occupiers looking for additional space or large space to move to following outgrowing their old warehouse which proves that despite the tough economic climate small businesses are still growing and expanding.

We are beginning to see less stock being brought onto the market towards the end of 2024 which results in rental prices remaining strong and, in some circumstances, even rising as we saw at Amber Business Centre which saw a 1,507ft² unit recently let for £11.00ft² whereas before 2024 we achieved £10.00ft² in the same size units on the estate. Capital values have mostly remained the same as the previous year with new build stock achieving north of £150.00ft² and secondary units achieving between £100.00ft² and £120.00ft².

Further to this, there is a shortage of new build industrial units of this size due to it being hard to source land of 1-2 acres to build schemes of this nature and secondly the economies of scale of building a smaller scheme. The schemes that have been developed have seen strong success however, as FHP have let all of the sub-5,000ft² units at Headstocks Industrial Estate which offered brand new small units and Wingfield View in Clay Cross where FHP let or sold 19 industrial warehouse units ranging from 2,091ft² to 12,062ft².

Thankfully in 2025 we will see the shortage of new build small industrial units hopefully be further satisfied as our clients are delivering good quality new build industrial/warehouse units in Pinxton and Grassmoor. Pinxton, situated just off J28 of the M1 motorway is offering freehold units that are being built now and in 2025, we will start seeing the steels coming out the ground at The Old Coal Yard in Grassmoor, Chesterfield which will deliver more high quality small industrial units to let.

For further information please contact Harry Gamble on (07398 443 828 / harry.gamble@fhp.co.uk).

ENDS

December 2024

FHP alongside our joint agent Oliver Thompson of TDB Real Estate are delighted to bring forward this new and exciting industrial and distribution scheme at Sutton in Ashfield.  This is a development of industrial and distribution units ranging from 5,000ft² up to circa 30,000ft² and we can offer these either for sale or to let.  The current deliverability of this site is approximately 12 months or thereabouts and there is already a consented scheme with planning in place.

The site offers great prominence adjoining the A38 and sitting within a few minutes drive of Junction 28 of the M1 whilst remaining close to the local centres of Sutton in Ashfield, Kirkby in Ashfield and Mansfield.

This scheme is being delivered by Brackley Property Developments who are a development company concentrating on the local and regional commercial sectors who have an established track record.

With a market starved of stock, strong levels of demand and a total lack in particular of freehold space out there, this is sure to be a very exciting scheme.

For further information on this exciting scheme please contact Anthony Barrowcliffe, Tim Gilbertson or John Proctor of FHP or our joint agent Oliver Thompson of TDB Real Estate.

On behalf of private clients, FHP Property Consultants are delighted to bring to the market Unit B, Salcombe Court, Alfreton, Derbyshire, DE55 7RG.  Salcombe Court is situated on Meadow Lane Industrial Estate in Alfreton and benefits from quick access to the A38 and Junction 28 of the M1 motorway.

The property comprises a terraced industrial/warehouse unit with good quality offices and welfare facilities.  The warehouse is split into two bays and provides clean span accommodation.  To the rear of the unit is a secure shared yard and to the front is separate car parking.  The offices are well presented across two storeys with heating and lighting throughout.  There is also a kitchenette and W/C facilities which include a shower.

The premises extends to approximately 1,522m² (16,675ft²) and is available to purchase at a guide price of £1.35 million.

Harry Gamble of FHP Property Consultants commented:

“It is rare for a freehold opportunity like this to pop up within a short drive of Junction 28 of the M1 motorway.  The space is well presented and would suit any distribution/expanding production company due to its good loading facilities via a shared yard.  There is also a general lack of good quality freehold industrial units so any interested parties should get in touch.” 

Should you require any further information or wish to arrange a viewing, then please contact Harry Gamble on 07398 443 828 / email harry.gamble@fhp.co.uk or Darran Seven on 07917 460  031 or darran@fhp.co.uk.

ENDS

December 2024

‘Variety is the spice of life’ and certainly in the commercial property market, particularly for the industrial and distribution sector in which I deal, every year for the last few years has been varied!

Covid, the Liz Truss budget, wars in Ukraine and elsewhere around the globe, all contribute to the supply and demand of manufacturing and distribution space in the East Midlands, 2024’s ‘variety’ has been provided by some of the above but also the longest run into a budget I can ever remember, particularly when fuelled with negativity and the most contentious American election ever, plus of course a UK election too.  All these elements dominated the second half of 2024 and in turn, each seems to have had a negative impact upon demand for space throughout our region.

After a flying start to 2024 with demand seemingly picking up again at the top end of the industrial and distribution market, these events saw our market slow in the second half of the year, albeit with many notable deals still undertaken and somehow pushed over the line resulting in 2024 being particularly successful in terms of number of deals done and certainly scale of space let or sold.

On a personal level, highlights have included a design and build disposal at Fairham Business Park, Nottingham to a local packaging company who took over 100,000ft² and on the same site a further design and build manufacturing unit for global entity ABB, with the building currently under construction and another 100,000ft² unit flying up.

Sales and lettings of second-hand space have proved strong, meaning that as we come to the end of the year, supply is poor and with very little speculative space being constructed of any size currently, I suspect 2025’s ‘variety’ might be provided by the lack of supply, particularly if the impact of the budget and the US election is not as hard felt as might be anticipated.

There is no doubt that freehold values have continued to rise on second-hand space throughout the last 12 months and with the tipping point probably now reached also in terms of newly built speculative space, it could be claimed that we have less space available than the market requires.  As a result, I can see big shed rents rising again in 2025 as well, particularly as it’s predicted that more third-party logistics operators will return to the market seeking space after a very quiet 2024.

Overall though 2024 has been a successful year but I will certainly remember it as ‘the year of delays’ caused by long summer holidays, the longest run into a budget ever known, a drawn-out and quite frightening US election and now probably the longest run up to Christmas we have known, but roll on 2025 and hopefully quicker and more transactions throughout the market to look forward to.

ENDS

Tim Gilbertson

29 November 2024