Acting on behalf of landlord UBS Asset Management, property agents Knight Frank and Jones Lang LaSalle have let Unit B, Nova Centre, Nova Way, Avonmouth to Contemporary Oak Furniture Ltd.
The expanding furniture retail company has taken the 40,953 sq ft (3,804.61 sq m) warehouse building as a distribution hub on a 10 year lease with a five year break option, at a rental close to the quoting rent of £3.75 per sq ft.
Russell Crofts of Knight Frank said: “Contemporary Oak Furniture are moving from a 16,000 sq ft warehouse in Avonmouth to this much larger unit and we were able to complete the whole deal in just 10 days.
“The Nova Centre is now fully let.”
Contemporary Oak Furniture was represented by CBRE. Guy Mansfield of CBRE said: “We were delighted to have such a responsive landlord and this was key in the decision-making process of my client.”
