HARRIS LAMB CONFIRMS FIRST DEAL ON NEWLY REFURBISHED REDDITCH INDUSTRIAL SCHEME

Commercial agents at Harris Lamb are marketing a range of fully refurbished industrial opportunities in Redditch further to an investment programme to meet the ongoing demand for quality stock in the Midlands.

The properties at Lakeside Industrial Estate, off Broad Ground Road, are currently being refurbished, with the first of the available warehouses, Unit 3 of approximately 11,800sqft, being let to Trinity Claims on a five-year lease with a new headline rent achieved.

Unit 3 has been let to Trinity Claims.

Neil Slade, Director at Harris Lamb and who is overseeing the marketing of the scheme, said: “With demand for quality industrial property continuing to outstrip supply, Logicor have committed to an extensive investment in overhauling the properties at this well-appointed site to provide good quality space in the Redditch area.

“Lakeside has always been a highly sought-after location and there is little availability within the area, and further to insurance claims management specialist Trinity Claims being secured as the latest new tenant, there is significant interest in the upcoming opportunities at this site, ranging from 5,000sqft to 20,000sqft approx.

“With the undersupply in Solihull, Redditch is proving a popular overspill location given its excellent access to the UK motorway network via Junctions two and three of the M42, with Birmingham Airport and city centre being less than a 30 minute drive away and Redditch railway station being located close by,” he added.

For full details, contact Neil at neil.slade@harrislamb.com or the joint agents, LSH or Truslove.