Private landowner and remediation specialist, Parkhill Estates, has signed up MKM Building Supplies for a new trade counter unit at Ketley Business Park, near Telford.
The builders’ merchant will take the unit, which comprises 15,000 sq ft of ground floor accommodation along with 4,000 sq ft of mezzanine space, on a 20-year lease at a total rent of £179,250 per annum, equating to £10 per sq ft for the ground floor space.
The new building, which will be MKM’s 53rd site in the UK, has opened for trading this week.
Sam Cornes, CEO of Parkhill Estates, said: “The multi-let industrial sector is a key strategic focus for us as it offers a secure income stream alongside active asset management and development opportunities. This deal with MKM demonstrates our ability to deliver the right product in the right location for the right occupier and we are sure they will be a valuable addition to the current tenant line-up.”
Ketley Business Park is a ten acre site comprising around 50 units let to a variety of industrial, light industrial, office and storage operators.
Parkhill Estates is one of the West Midlands’ largest landowners and has recently enhanced its development credentials with the launch of a speculative 440,000 sq ft industrial scheme, Iron Park, between Birmingham and Wolverhampton.
Bulleys advised on the letting.
