Legal & General Investment Management and developer Wrenbridge, advised jointly by Savills and Bidwells, have pre-let three units at Gateway Cambridge to Domino UK Ltd, CB Self Storage and KoolTech Ltd, respectively.
Domino UK, the industrial and commercial inkjet printing company, has agreed to a new 15-year lease for unit 4, totalling 13,552 sq ft (1,259 sq m).
KoolTech, the distributor of air conditioning and refrigeration products, has agreed to a new 10-year lease for Unit 1A and is set to occupy 4,618 sq ft (429 sq m). Subsequently, CB Self storage has agreed to a new 15-year lease for Unit 1C, which totals 4,596 sq ft (427 sq m).
Development is currently underway with the scheme due for completion in October 2022. Following these latest deals, there are a number of new trade counter, manufacturing and logistics opportunities available at the scheme ranging in size from 3,046 sq ft to 45,759 sq ft (283 to 4,251 sq m).
Phil Ridoutt, director in the business space team at Savills Cambridge, comments: “Gateway Cambridge is an exciting new development set across five acres to the north west of the city. Situated at the top of the Oxford-Cambridge Arc, it is within a well-connected and strategically important location, providing excellent access to both the M11 and A14. Upon completion, the scheme will provide BREEAM ‘Excellent’ units with top ESG credentials. For this reason, we have been able to secure a number of strong pre-lets, with the remaining space set to attract a variety of exciting occupiers.”
James Feltham, Director at Wrenbridge, adds: “We are delivering the most sustainable industrial and logistics scheme in Cambridge, seeking to achieve BREEAM Excellent, Net Carbon Zero and EPC A+ credentials. We believe in building the highest quality buildings which meet the need of our signed and prospective tenants, this is a vision shared by Legal & General. The scheme offers excellent connections to Cambridge and we see a strong collection of businesses finding their base at Gateway.”
