Lets keep up at Hillington Lettings activity by MEPC at its Hillington Park estate outside Glasgow continues to bolster the local economy, despite the recession in the wider commercial property market.
In the last three months, ten new industrial lettings have been concluded, totalling almost 5,000 square metres (55,000 sq ft).
The largest transaction was to a government body which has taken a refurbished 10,000 sq ft property on a 5-year lease.
Craftology, who currently lease a unit at the corner of Huntly Road and Kelvin Avenue, are trading up to a larger property of 9,200 sq ft on a 10-year lease.
New to the Park are Tradebalance Ltd, who have leased a 8,200 sq ft unit on Claverhouse Road. Previously used for short term storage, the unit was recently refurbished and provided with a secure yard and has now been leased for a three-year term.
Undoubtedly the fastest letting was to Alpine Blinds who, following a major fire at their premises in Paisley, were able to be up and running again within three working days by leasing 1,420 sq ft at 417 Hillington Road.
Andrew Kerr, MEPC’s Asset Manager, said: "We are certainly not complacent, but the level of industrial letting activity just goes to show that Hillington Park remains the location of choice west of the city centre.
"The likes of the Alpine Blinds letting shows we are a proactive management team, based on the Park, so we can respond quickly to new and existing customer needs."
MEPC’s industrial lettings agents are James Barr and GVA Grimley.
ENDS
Further information: Mike Stanger, G41forPR, 0141 423 6595
No comments:
Post a Comment