Following Dunmoore Group’s comprehensive program of refurbishment and sub division works, one of Luton’s premier trade counter destinations, Cosgrove Way, has now been fully let.
The final remaining unit has been let to MWay Communications Ltd, a leading provider of highway technology services. The letting to MWay follows the recent addition of Maxshelf to the estate, which is now home to a number of national occupiers including Euro Car Parts, Magnet, TLC, Mr Clutch and Northgate Plc.
Alfred Bartlett, Partner at Rapleys who acted jointly with LSH on the scheme commented; “in delivering this scheme Dunmoore have completed yet another transformation of old industrial stock to provide modern trade counter accommodation to add to their growing portfolio. This scheme is in a highly prominent location within Luton. Rapleys are delighted to have worked with Dunmoore on this instruction and the quality of the occupiers, coupled with the standard of the refurbished space, is testament to the excellent management and redevelopment of the asset that has been undertaken here and elsewhere in their portfolio.”
Jeffrey Hobby, Managing Director of Dunmoore added “we are delighted to have taken a rather tired estate which was largely vacant and through a comprehensive program of refurbishment created a premier trade destination. This is reflective in the dramatically improved occupier profile and record headline rents which have been achieved, with rents moving from £4.50 per sq ft at acquisition to £9.50 per sq ft. The letting to MWay Communications adds another fully let estate within our expanding trade portfolio and we continue to look for and acquire further opportunities in what is a very competitive market.”
