EG’s Most Active Agent competition winners
South & East Yorkshire
- PPH Commercial
- Knight Frank
- CBRE
- Colloco
- Commercial Property Partners
Dealmaker: Rebecca Schofield, Knight Frank
“When we first entered lockdown, the market was dominated by larger requirements for fitted space, from supermarkets, home delivery companies and 3PLs for essential storage such as food, medical supplies and also to hold stock which was arriving into the UK.
“Enquiries at the smaller end of the market reduced significantly overnight following lockdown, however our analysis shows that enquiry levels have steadily been creeping up and there is now more of a balanced spread in terms of the size of requirement.
“We are now fielding enquiries on all size ranges and seeing more requests for inspections as people start to plan for the future.
“It is still too early to say what will happen long term, and while we watch closely, the industrial and logistics sector is the one that we expect to weather the storm and possibly benefit as things evolve.
“While at home, we have all shopped more readily online, which has only accelerated the change in consumer habits which was already under way. We may see some rebalancing, but this trend is here to stay and one that will only positively impact the sector.
“The 3PL sector is benefiting and is reportedly running at 90% capacity. This will drive requirements for further space, although to date such requirements have been favouring facilities ready for immediate occupation with an element of fit out.
“Fundamentally, of all the sectors, the industrial market is strong and we anticipate it will perform well. We are still working with investors, developers and occupiers who remain interested in the region given its superb location, excellent connectivity to the road network, ports and nearby available workforce.”
INDUSTRIAL
Rotherham 125, Rotherham Road, Rotherham S66 8EL
- Size: 124,965 sq ft (11,610 sq m)
- Date of deal: 01/05/2020
- Rent: £437,376 pa, five-year lease
- Lessor: Goodman
- Lessor’s agents: Commercial Property Partners and Savills
- Lessee: Carlton Forest Group
Unit 2, Icknield Way Industrial Estate, Icknield Way, Tring HP23 4JX
- Size: 19,309 sq ft (1,794 sq m)
- Date of deal: 30/03/2020
- Rent: £125,000 pa, five-year lease
- Lessor’s agent: Brasier Freeth
- Lessee: Pixel Evolution
Unit 4, Merlin Park, Airport Service Road, Portsmouth PO3 5RJ
- Size: 16,547 sq ft (1,537 sq m)
- Date of deal: 16/04/2020
- Rent: £165,470 pa, 15-year lease
- Lessor: Canmoor
- Lessor’s agent: Lambert Smith Hampton
- Lessee: Zidac Laboratories
OFFICE
2 Brewmaster House, The Maltings, St Albans AL1 3HT
- Size: 290 sq ft (27 sq m)
- Date of deal: 17/02/2020
- Rent: £9,425 pa, three-year lease, break at 18 months
- Lessor: Boultbee LDN
- Lessor’s agent: Aitchison Raffety
- Lessee: Linford Consulting
34 Miller Street, Glasgow G1 1DT
- Size: 9,991 sq ft (928 sq m)
- Date of deal: 19/03/2020
- Rent: £50,000 pa, 20-year lease
- Lessor: TH Real Estate
- Lessor’s agent: Lambert Smith Hampton
- Lessee: Continuity2
3rd Floor, 44-50 Portland Street, Manchester M1 4QU
- Size: 1,562 sq ft (145 sq m)
- Date of deal: 13/02/2020
- Rent: £6,500 pa, two-year lease, two months rent-free
- Lessor: T&M Property Investments
- Lessor’s agent: WT Gunson
- Lessee: Gramm Clothing
RETAIL
356 Bradford Road, Castle Bromwich, Birmingham B36 9AD
- Size: 925 sq ft (86 sq m)
- Date of deal: 01/03/2020
- Rent: £15,000 pa, five-year lease
- Lessor’s agent: Siddall Jones
- Lessee: Turkish Diamond Barbers
Unit 10, Loreburne Centre, High Street, Dumfries DG1 2BD
- Size: 1,560 sq ft (145 sq m)
- Date of deal: 03/03/2020
- Rent: £10,000 pa, 10-year lease
- Lessor: Edinburgh House Estates
- Lessor’s agent: Savills
- Lessee: VIP Tanning
Star House, 5 Coinage Street, Helston TR13 8ER
- Size: 4,415 sq ft (410 sq m)
- Date of deal: 20/04/2020
- Rent: £14,000 pa, seven-year lease, tenant break at year three, four months rent-free
- Lessor: Trillium
- Lessor’s agent: Miller Commercial
- Lessee: Fishermen’s Mission
To submit your deals, please e-mail deals@egi.co.uk
