1511, 2019

Another tech letting in Isleworth

November 15th, 2019|

Seven Technologies Group have completed the letting of Unit 2 ground floor at The Wireless Factory, Isleworth. The global technical security system provider have taken the 1,560 sq ft suite for a term of 7 years and join fellow tech specialists Texuna on the estate, who completed the letting of Unit 3 earlier in the year. Both lettings reinforce The Wireless Factories pull to dynamic, growing businesses looking for a creative environment to work from. Further details on the estate can be found at – Michael Rogers and DTRE acted on behalf of Dunmoore. BACK TO NEWS

411, 2019

Dunmoore acquires industrial estate from CBRE GI

November 4th, 2019|

Dunmoore has fought of competition from over 30 bidders and acquired a fully-let industrial estate in Cheltenham from CBRE Global Investors. It has bought Bamfurlong Industrial Park, which is located close to Junction 11 of the M5, for £7.4m, reflecting a net initial yield of 4.52%. The estate comprises 28 units, totalling over 200,000 sq ft. The average net rent is £1.77 per sq ft on leases that expire between 2034 and 2039. Jeff Hobby, managing director and owner of Dunmoore, said "Bamfurlong is located in an area with good supply-demand characteristics. The amount of available industrial space in Cheltenham is at its lowest level for a decade, while demand for space from local businesses is strong. The mixture of short and long leases on the estate presents us with opportunities to add value through a programme of asset management. Dunmoore was represented by Chris Freer Smith and the vendor was represented by Hartnell Taylor Cook. BACK TO NEWS

2606, 2019

Planning granted for 250,000 sq ft business hub

June 26th, 2019|

Dunmoore have won planning consent for a 21-acre commercial hub in Billingshurst, Sussex. The development on a greenfield site south of New Road, which was purchased in late 2016 at agricultural value, will provide more than 200,000 sq ft of industrial and trade counter units and a petrol filling station with drive-through coffee unit. A hybrid planning application for the development has been approved by Horsham District Council, including detailed consent for the first phase, Billingshurst Trade Park, which will comprise 55,000 sq ft of speculatively-developed trade counter space. Outline permission was granted for the second phase, Billingshurst Business Park, which will comprise 150,000 sq ft of business space, the petrol-filling station and drive-through unit. Construction is due to start in September 2019 with completion of the first phase expected by July 2020. A pre-let has already been agreed with Euro Garages for the petrol filling station and drive-through unit and talks are at an advanced stage with national trade occupiers. The development site is north of a 500-home residential development currently under construction, with further residential allocations expected to be brought forward in the local plan in the coming months. Jeff Hobby, managing director and owner of Dunmoore, said "The granting of planning approval will enable us to deliver a significant amount of much-needed quality business and employment space for Billingshurst. The calibre of occupiers already signed up to pre-lets shows there is significant dmeand for modern business space in the local area". BACK TO NEWS

102, 2019

Texuna expands its network in Isleworth

February 1st, 2019|

Texuna have completed the letting of Unit 3 first floor at The Wireless Factory, Isleworth. The data management and security specialists, who are already based on the ground floor of Unit 3, have doubled their footprint on the estate. Having only moved to the site in August, they have taken the 1,446 sq ft suite at a rent of £26.50 per sq ft for a straight 10 year term. Further details on the estate can be found at - Michael Rogers and DTRE acted on behalf of Dunmoore. BACK TO NEWS

1001, 2019

Banbury is heating up

January 10th, 2019|

Banbury Heating have completed their move from units G1 and G2 Marley Way, Banbury into the newly refurbished G6, which also benefits from a secure yard. The plumbing and heating specialists have been tenants at Marley Way for a number of years and have taken the opportunity to secure the newly refurbished unit at a new estate headline rent of £49,500 pa which equates to £12.50 per sq ft. Marley Way has recently undergone a substantial refurbishment which included a complete external overhaul to reposition the asset from a tired, secondary industrial location to a prime trade/retail pitch and is now home to a number of national occupiers including Toolstation, Tile Giant, GSF, Grahams, Rexel, B&Q and Homebase  . This latest deal frees up further space on the terrace with both Units G1 and G2 currently undergoing comprehensive refurbishments prior to being brought to the market. Investment Surveyor Andrew Scott comments “We are delighted to have extended Banbury Heatings stay at Marley Way in a move which not only provides them with a top quality unit to continue to grow their business, but will also allow us to bring circa 6,500 sq ft of much needed trade space to the local market. We are already in discussions with other national occupiers about the vacant space and look forward to formally bringing it to the market over the next few days.” For further information on the vacant units, please contact our letting agents Rapleys or White Commercial. BACK TO NEWS

410, 2018

Toolstation pre-let in Banbury

October 4th, 2018|

Following the recent completion of refurbishment works at Marley Way, Banbury, we are delighted to announce that Toolstation have completed the letting of Unit G5. The national trade tool and hardware supplier have signed up to a 10 year straight term for a new headline rent of £11 psf and will be launching a brand new format of store from the scheme. Managing Director Jeff Hobby comments “We are delighted to have secured Toolstation on a pre let basis, as they will be a fantastic addition to the scheme. Having bought Marley Way early  in 2017, with average rents just above £5 per sq ft, we have managed to re position the asset from a tired, secondary industrial location to a top quality trade and retail pitch. We now look forward to securing a tenant for the final remaining vacant unit and adding to what is a very strong occupier line up in the local area. As ever, we continue to look for further opportunities in what remains a very competitive market. Rapleys and White Commercial acted for Dunmoore with Adept Consultancy acting on behalf of Toolstation. BACK TO NEWS