Commercial agents at Harris Lamb have secured four new lettings at a newly refurbished Coventry industrial estate, reinforcing the continuing strong demand for quality stock throughout the Midlands.
The lettings at Seven Stars Industrial Estate on Wheler Road follow an extensive £1 million refurbishment overseen by Harris Lamb’s Building Consultancy team to upgrade units at the business park on behalf of the landlords.
Shipping specialists DX Freight have signed an 10-year lease on Unit 4, a 25,339 sq ft self-contained warehouse with offices, while communications experts imail comms have taken occupation of Unit 3, at 22,648 sq ft, on a 10-year term, both of whom were attracted to the site as a result of the quality of the renovation programme and the estate’s close proximity to the motorway network.
Two additional units, 5A and 5B, which have a combined floor plate of 23,000sq ft to Easy Heat Systems Ltd on a five year lease, while Coventry & Warwickshire NHS has taken on Unit 5C, at 7,840 sq ft on a five year lease.
Head of Harris Lamb’s Agency team, Charles D’Auncey, oversaw the lettings and said: “Demand for high quality industrial stock has long outstripped supply throughout the Midlands, and despite an increasing number of design and build schemes being undertaken across the region to address that, there is still a huge shortage.
“Our clients recognised this and have invested over £1 million into a refurbishment programme that enabled us to market properties on an ‘as new’ basis. This investment has paid off as we have had a great deal of interest in the site since the programme was completed thanks to the quality of the overhaul and the estate’s excellent transport links.
“These lettings demonstrate just how strong that demand continues to be, with the estate now at full capacity,” he added.