Thames Property Group, advised by Haslams Surveyors LLP, has seen strong demand for its industrial properties and has achieved over 46,000 sq ft of lettings across its Reading portfolio.
In the largest deal, local charity Thames Hospice has taken a 19,518 sq ft industrial warehouse at 16 Richfield Avenue on a 15-year lease at a stepped rent rising to £13 per sq ft.
Uttam Ji & Sons Limited, a wholesale distributor of home, DIY and garden products, has leased 19,206 sq ft at 14 Tessa Road, on a 10-year lease at £10 per sq ft.
Ross Robotics Limited, which specialises in providing autonomous, robotic monitoring of high voltage assets for power transmission operators around the world, has signed for 1 Cremyll Road, a 5,754 sq ft warehouse/trade counter unit, on a 10-year lease at £11.50 per sq ft
And Redland Mobility, a company which offers mobility aids including scooters, wheelchairs and a range of products and equipment, has taken 1,900 sq ft of additional storage at 31 Milford Trading Estate, on a six-year lease at £10.50 per sq ft
Haslams is also currently marketing a 13,671 sq ft industrial / warehouse unit at 3-5 Tessa Road. The building has been fully refurbished with a new roof and uPVC double glazed windows and has a securable yard area /car parking and air-conditioned offices. The quoting a rent is £11.50 per sq ft.
Alec White, a partner at Haslams, said: “This slew of recent lettings, shows the strength of occupational demand for warehouse and industrial units in the Reading area, from businesses across the spectrum.”
Simon Fruchter, managing director, Thames Property Group, added: “Given our ‘feet on the ground’ approach, Thames Property Group understands what occupiers in the local area want and need, as evidenced by this latest raft of deals.”
