The Loddon Centre industrial/warehouse scheme in Wade Road, Basingstoke, is fully occupied again following the letting of Unit H to Ideology Vapes Ltd.
The letting reflects the general increase in rental tone within the warehousing sector, simply a result of strong demand versus limited supply. The last letting on the estate was achieved in August 2019 at £8.00 per sq ft, whereas the recent transaction on Unit H was agreed at £8.75 per sq ft for a 6 year term, and with minimal rent free. The unit comprised 10,500 sq ft.
Colliers Global Investors purchased the estate for a County Council client of theirs some 6 or 7 years ago and continue to manage the portfolio, appointing BDT to handle the agency and rent review instructions as and when they arise.
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Contact for further information:
Baker Davidson Thomas
Telephone: 01256 840 777