A new speculative development of 13 business units at a major industrial estate in Bedfordshire has been hailed an overwhelming success after the completion of lettings to 10 companies.
Commercial property consultancy Kirkby Diamond said the development – the first of its kind in Leighton Buzzard for more than 20 years – has answered pent-up demand from businesses for high quality units.
London-based investment company Pears Property Advisors funded the development of Apex Park, with units ranging from 1,880 sq ft to 20,800 sq ft, and totalling 57,100 sq ft. Kirkby Diamond acts on behalf of Pears Property and other third parties in relation to their UK commercial and residential investment portfolios.
Lang UK, leading global distributors of visual presentation technology, has agreed a lease on an 8,110 sq ft unit, as has FAI Automotive, distributors of premium aftermarket automotive components.
Ram online Ltd, trading as Blue Box Self Storage, has taken a 5,200 sq ft unit and AIS Surveyors, a chartered surveying practice, has agreed a lease on a 5,200 sq ft unit.
Units of 1,880 sq ft have been let to Heath Electrical, Universal Event Production, Stephen & Son, Diverse Flooring, and LTM Design. Terms have been agreed on two further units andjust one unit remains available.
Eamon Kennedy, head of commercial agency at Kirkby Diamond, said: “There hasn’t been a development of high quality industrial units in Leighton Buzzard for over 20 years and therefore there is significant pent-up demand.
“It has been an overwhelming success and we’re not surprised that we have already been able to agree lettings for 12 units. It’s great to see those companies moving in and starting to operate.
“We’ve had a lot of enquiries from logistics firms, engineering companies and trade counter occupiers and we’re looking forward to more occupiers moving into their new business premises in due course.”
The site is prominently located, fronting on to Leighton Road, with easy access to the M1 J11a via the new A5-M1 link, Milton Keynes to the north via the A5 and Luton/Dunstable to the south via the A505, with Aylesbury to the West via the A418. Leighton Buzzard also benefits from mainline railway services, with London Euston within approximately 30 minutes.
