National commercial property consultancy Lambert Smith Hampton (LSH) has let a major Birmingham industrial unit to international floor coverings group Headlam.
The letting, jointly transacted with CBRE, means that the Kingsbury Business Park at Minworth is now fully let – a major achievement in current market conditions.
The unit – Unit 6 on the Kingsbury Business Park on the A38 near the M6 and M42, is owned by Centurion Properties and the Scottish Widows Investment Partnership Property Trust. It has been let to HFD Ltd, which is part of the Coleshill-based Headlam Group, Europe’s leading distributor of floor coverings.
The 41,750 sq ft Unit 6 building on the 14-acre industrial park has been refurbished to a very high standard, and includes offices, service yard and car parking.
Kingsbury Business Park forms part of a £60.5 million industrial portfolio acquired by LSH earlier this year. The portfolio acquisition, which includes seven industrial estates and a distribution warehouse, was the biggest industrial property deal in the Midlands this year.
Alex Carr, Associate Director in LSH’s Birmingham-based Industrial and Logistics Agency team said: “This is a very significant deal and it means the Kingsbury Business Park is fully let – a major achievement in the current environment. We have secured this letting within six months of ownership which significantly outperforms the average void time of nine to 12 months.”
Jon Ryan-Gill, senior surveyor in the Industrial Agency and Development team at CBRE in Birmingham, said, “The letting to Headlam is the icing on the cake for Kingsbury Business Park. The scheme has already attracted large, blue chip names such as GKN and Webasto, and Headlam is another great name on the tenant roster.”
