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So far Andrew Scott has created 23 blog entries.

Cosgrove Way fully let

Following Dunmoore Group’s comprehensive program of refurbishment and sub division works, one of Lutons premier trade counter destinations, Cosgrove Way, has now been fully let.

The final remaining unit has been let to MWay Communications Ltd, a leading provider of highway technology services. The letting to MWay follows the recent addition of Maxshelf to the estate, which is now home to a number of national occupiers including Euro Car Parts, Magnet, TLC, Mr Clutch and Northgate Plc.

Alfred Bartlett, Partner at Rapleys who acted jointly with LSH on the scheme commented “In delivering this scheme Dunmoore have completed yet another transformation of old industrial stock to provide modern trade counter accommodation to add to their growing portfolio. This scheme in a highly prominent location within Luton.  Rapleys are delighted to have worked with Dunmoore on this instruction, and the quality of the occupiers coupled with the standard of the refurbished space is testament to the excellent management and redevelopment of the asset that has been undertaken here and elsewhere in their portfolio.”

Jeffrey Hobby, Managing Director of Dunmoore added “We are delighted to have taken a rather tired estate which was largely vacant and through a comprehensive program of refurbishment created a premier Trade Destination. This is reflective in the dramatically improved occupier profile and record headline rents which have been achieved, with rents moving from £4.50 per sq ft at acquisition to £9.50 per sq ft. The letting to MWay Communications adds another fully let estate within our expanding trade portfolio and we continue to look for and acquire further opportunities in what is a very competitive market.”


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Cosgrove Way fully let2018-05-22T10:32:03+00:00

Max rent achieved in Luton

Maxshelf, the UKs largest importer and distributor of retail shelving, have completed the letting of 16a Cosgrove Way Industrial Estate, Luton.

The letting further enhances an already strong tenant line up on the estate which includes the likes of Euro Car Parts, TLC, Mr Clutch and Northgate.

The 5,388 sq ft unit, which has recently undergone a comprehensive refurbishment along with the rest of the estate, has been let on a 10 year term at a new headline rent of £9.50 per sq ft.

Andrew Scott of Dunmoore commented “We are delighted to welcome Maxshelf to Cosgrove Way and further enhance what has become a very popular trade destination. Having undertaken a comprehensive refurbishment of the estate, which included the sub-division of vacant units, the letting to Maxshelf represents a new headline rent. With the last remaining vacant unit on the estate having just gone under offer, we look forward to being fully let in the not so distant future.”

Rapleys and Lambert Smith Hampton acted on behalf of Dunmoore.


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Max rent achieved in Luton2018-03-29T15:45:45+00:00

Planning success in Banbury

Great news to start the week after planning permission was obtained to fully refurbish and extend Marley Way Trade Park, Banbury.

The proposed refurbishment will include glazed frontages, open plan trading areas, level entry doors and much improved signage to the estate, and will provide 3,000 – 8,000 sq ft of much needed quality trade space to the local market.

Works are due to begin in early April, with a number of national occupiers already expressing an interest in the scheme which neighbours the likes of B&Q, Tile Giant, Homebase, Halfords and Grahams Plumbers Merchant.

Further details on the scheme can be found from our letting agents Rapleys and White Commercial.

RPS planning acted on behalf of Dunmoore with the planning application.


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Planning success in Banbury2018-02-12T18:02:04+00:00

Hat-trick heaven at Isleworth

The recent run of lettings at the Wireless Factory has continued with Webb Associates taking the first floor of Unit 1 – the third letting to complete on the estate within the past few weeks.

Specialising in furniture design and development, and operating across Europe and America, they have taken the 1,446 sq ft unit on a 5 year term at a rent of £25 per sq ft.

Having relocated from their previous base in Chiswick, the firm are another fantastic and welcome addition to the estate, and reinforces the appeal of the Wireless Factory to local businesses who are looking to continue their growth in a modern, creative an dynamic environment.

Further details on the estate can be found at – www.wirelessfactory.co.uk

Michael Rogers and DTRE acted on behalf of Dunmoore. 


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Hat-trick heaven at Isleworth2018-01-19T15:43:23+00:00

Double delight at Isleworth

Slovenian luxury door manufacturer Pirnar have taken the ground floor of Unit 1 at the Wireless Factory, Isleworth – the second letting to conclude on the estate in recent weeks.

The move represents an expansion for the brand, who also have a branch in Long Beach, California, and are a welcome addition to the estate which has benefited from an extensive refurbishment and re-branding campaign since it was acquired.

The 1,435 sq ft unit, which had previously been vacant for 8 years prior to Dunmoores acquisition of the estate, has been let on a 10 year term at a rent of £25 per sq ft.

Further details on the estate can be found at – www.wirelessfactory.co.uk

Michael Rogers and DTRE acted on behalf of Dunmoore.


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Double delight at Isleworth2018-01-17T13:47:45+00:00

Dunmoore land in Birmingham

Dunmoore are delighted to announce the acquisition of 24 Bennetts Hill, a mixed use investment comprising of office and leisure accommodation, located in the heart of Birmingham city centre.

The prominent 6 storey building, which measures nearly 20,000 sq ft, has been purchased for £4 million and equates to a net initial yield of 5.9%.

Investment Director Tomas Souto had this to say “We are delighted to have secured Bennetts Hill and enter what is an extremely buoyant and exciting market, in the UKs second largest city.  Birmingham has benefited from upwards of £1 billion worth of investment to its infrastructure and we feel it’s a location which will continue to grow – with the proposed city centre Paradise and Arena Central developments being prime examples of this.

The investment provides the opportunity to undertake some hands on asset management, which will include comprehensively refurbishing the space to provide a creative and unique product, whilst being underpinned by a long term letting to Punch Taverns on the ground floor.   

The acquisition rounds off what has been a very active year for the business and we are already looking forward to what will no doubt be an exciting 2018.”

Fineman Ross acted on behalf of Dunmoore with Knight Frank acting on behalf of the seller.


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Dunmoore land in Birmingham2017-12-13T12:32:54+00:00

Rents treble in Isleworth

A new headline rent has been achieved at The Wireless Factory, Isleworth following the successful letting of Unit 8.

The estate has undergone an extensive refurbishment program both internally and externally and now provides a spacious, modern and creative office environment for occupiers.

The 3,935 sq ft unit has been let to the DVSA on a 15 year term at a new headline rent of £25 per sq ft.

The new rental level represents a 177% increase on the previous letting achieved prior to Dunmoores acquisition of the estate.

Further details on the estate can be found at – www.wirelessfactory.co.uk

Michael Rogers and DTRE acted on behalf of Dunmoore.

 


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Rents treble in Isleworth2017-11-28T14:30:31+00:00

Exeter trade park regenerated and fully let

Following the completion of the letting of Unit A2 Hennock Trade Park, Exeter, the scheme is now fully let.

We are delighted to welcome RecoverFit to the estate which, following significant refurbishment, has seen rents of up to 60% higher achieved than at acquisition and boasts a much improved tenant lineup.

Further details of the scheme and the thoughts of our managing director and letting agent can be found at the following link – http://www.commercialnewsmedia.com/archives/67026

 


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Exeter trade park regenerated and fully let2017-11-28T14:27:35+00:00

Cosgrove Way Refurbishment

Great to see the refurbishment of Units 16A & 16B, Cosgrove Way, Luton complete. The units provide 4,130 sq ft – 9,518 sq ft of refurbished trade space and are available immediately. Further details can be obtained from our agents Rapleys (03707 776 292) or Kirkby Diamond (01582 738 866).

 


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Cosgrove Way Refurbishment2017-10-03T10:41:18+00:00

Rents increase by 60% in Exeter

A new headline rent has been achieved by Dunmoore on Hennock Trade Park, Exeter following the successful letting of Unit F.

The recently refurbished trade counter unit will be home to Karchers first Exeter branch following their expansion into the city.

The 2,384 sq ft unit has been let for a rent of £9.50 per sq ft which represents a rental increase of 60% from the previous letting.

Stratton Creber Commercial and Rapleys acted on behalf of Dunmoore.

 


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Rents increase by 60% in Exeter2017-08-31T13:45:51+00:00