STOCK SHORTAGE INCREASES AS TWO FURTHER BIRMINGHAM BUSINESS PARKS REACH FULL CAPACITY
Harris Lamb has successfully concluded two new lettings at two industrial estates in Birmingham to bring them up to full occupancy, leading the agent make a plea to developers and landlords to meet the increasing demand for high quality stock in the region.
Acting on behalf of landlord Industrials.co.uk, the consultancy’s award-winning industrial agency team has let the final units on Argyle Business Centre and Cuckoo Trade Park, both in Aston.
Agent Alex Eagleton said that the lettings of the last available units within both industrial schemes to food service provider Eating Plans Ltd and engine remapping specialist Ultimate Remaps Ltd, further highlighted the lack of available industrial space on multi-let estates.
“Both of these business parks, along with Wainwright Street Industrial Estate & Wharton Street Industrial Estate, were purchased by Industrials.co.uk in October last year, and the client tasked us with overseeing lettings at the sites.
“We’re delighted that all four estates are now fully let. Ultimate Remaps Ltd, which offers a nationwide engine remapping service, were attracted to the Cuckoo Trade Park on account of its excellent main road frontage and the high-quality refurbishment of the units.
“Eating Plans Ltd, recognised its new 1,255sq ft unit at the Argyle Business Centre as an ideal distribution hub, thanks to its immediate access to junction six of the M6 and the nationwide access it facilitates.
Alex adds: “It seems to be becoming a common theme now that space at established multi-let estates is in increasingly short supply and these lettings have further diminished that supply.
“More than ever, there is a growing need to find new sites to meet the ongoing demand.”
Simon Ross, Asset Manager for Industrials.co.uk, comments “these lettings evidence the strong demand for good quality industrial product in highly accessible city fringe locations.
We are extremely pleased to now have all four estates in Aston fully occupied and we remain committed to acquiring similar industrial stock throughout the UK to continue to offer high quality industrial space to the market.”