Dec 2, 2003
Slough Estates Plc, a leading provider of flexible business space, announced its first wave of lettings at its newly re-branded West London portfolio, 'theLHR.com'. Six lettings have been completed totalling 2,511 sq m (27,028 sq ft) of warehousing/ manufacturing space.
The first of these lettings is to Topgear of St. Albans, which has agreed a 15-year lease for the warehouse/distribution unit at 190 Pasadena Close in Hayes. The garage services company has taken the 300 sq m (3,223 sq ft) unit at a starting rent of £27,396 pa - equating to £91.47 psm/ £8.50 psf.
Britvic Soft Drinks Limited, a soft drinks distribution company, has agreed a 10-year lease for the warehouse/distribution unit at 192 Pasadena Close in Hayes, comprising approximately 404 sq m (4,354 sq ft) at a starting rent of £39,186 pa - equating to £96.87 psm/ £9.00 psf.
Everest Limited, a manufacturer and distributor of double glazing, has agreed a 10-year lease for the warehouse/manufacturing unit at 451 Colndale Road in Poyle, comprising approximately 678 sq m (7,298 sq ft) at a starting rent of £70,000 pa - equating to £103.22 psm/ £9.59 psf.
Wilder Airfreight, an importer of fresh fish, has agreed an eight-year lease for the warehouse/distribution unit at 694 Steyning Way in Hounslow, comprising approximately 494 sq m (5,322 sq ft) at a starting rent of £42,000 pa - equating to £84.92 psm/ £7.89 psf.
Pacific Global Forwarding Limited, a freight forwarding company, has agreed a ten year lease for a warehouse/distribution unit at 657 River Gardens, North Feltham Trading Estate in Feltham, comprising approximately 440 sq m (4,740 sq ft) at a starting rent of £53,785 pa - equating to £122.06 psm/ £11.34 psf.
Ilsleys Wholesale Supplies Limited, a cleaning product wholesaler, has agreed a ten year lease for a warehouse/distribution unit at Unit 8, Chesterfield Way in Hayes, comprising approximately 195 sq m (2,095 sq ft) at a starting rent of £19,500 pa - equating to £100.10 psm/ £9.30 psf.
Daniel Pagella at Slough Estates comments: "Slough Estates has completed a number of lettings at its West London portfolio, theLHR.com, in a relatively short time frame. This is primarily because of the flexible nature of the Slough Estates product, which allows us to meet the varied requirements of our customers.
Tunde Adegbemile, Associate Director at letting agents DTZ, comments: "We are delighted at the completion of the first wave of lettings within the recently launched 'theLHR.com' brand. The broad product range that 'theLHR.com' portfolio has to offer within an established location means that the opportunities will appeal to a vast cross-section of the market."
DTZ Debenham Tie Leung and De Souza advised Slough Estates whilst the tenants acted for themselves, with the exception of Everest Limited, which was represented by McMeeking Associates.
For further information please contact:
Tunde Adegbemile, DTZ Tel: 020 7643 6511 Peter Freeman, De Souza Tel: 020 87073030 Louisa Bartoszek, DTZ press office Tel: 020 7643 6131
Notes to Editors
TheLHR.com portfolio comprises circa 190,000 sq m (2.045 million sq ft) of business space centred around Heathrow, the world's busiest airport. The portfolio has a capital value of approximately £230 million. There are 10 estates within the portfolio situated in seven different locations, all within relatively easy access of Heathrow.
TheLHR.com is home to 186 businesses in over 200 buildings ranging from local SME's to multi-national companies. Organisations currently within the LHR.com community include UPS, Federal Express, Scottish & Newcastle, Fujitsu, W H Smith and Newey & Eyre.
Slough Estates is a leading provider of flexible business space in business parks in Western Europe and North America, with some 1,800 customers occupying 2.9 million square metres of business space, with a total value of £3.8 billion. Slough Estates' properties are in suburban locations in close proximity to the main business centres, where there is long term demand for business accommodation to serve these key economic regions. The company's main activities are currently based around London, Brussels, Paris, Düsseldorf, San Francisco and San Diego and the company continues to develop new business parks with the long term objective of building shareholder value and enhancing its reputation for quality buildings offering excellent value to customers.
www.thelhr.com
www.sloughestates.com