Dunmoore secures prelets at Biggleswade scheme
Investor and developer Dunmoore has sealed pre-lease agreements with home improvement retailers Howdens and Screwfix at its Biggleswade Trade Park development in Bedfordshire.
Trade kitchen supplier Howdens has signed a 15-year lease on a 7,276 sq ft space, while Screwfix has signed a 10-year lease for 7,513 sq ft.
Howdens and Screwfix are the first two companies to lease space at the trade park, with a further two spaces under offer. The finished development will comprise eight trade counter units totalling 42,710 sq ft. Both occupiers expect to begin trading in the second quarter of 2023.
Investor and developer Dunmoore has sealed pre-lease agreements with home improvement retailers Howdens and Screwfix at its Biggleswade Trade Park development in Bedfordshire.
Trade kitchen supplier Howdens has signed a 15-year lease on a 7,276 sq ft space, while Screwfix has signed a 10-year lease for 7,513 sq ft.
Howdens and Screwfix are the first two companies to lease space at the trade park, with a further two spaces under offer. The finished development will comprise eight trade counter units totalling 42,710 sq ft. Both occupiers expect to begin trading in the second quarter of 2023.
The development is a comprehensive refurbishment and part new build of a vacant industrial unit on Stratton Business Park, close to the intersection of the main A1M roundabout and the A6001 London Road. Dunmoore has obtained planning consent for the first phase, which includes the refurbishment of the existing 24,197 sq ft unit where Howdens and Screwfix have pre-leased. The new build second phase will provide a further 18,513 sq ft of space.
The development is part of Dunmoore’s expanding “made for trade” branded trade counter portfolio, and its second in Bedfordshire, joining Cosgrove Trade Park in Luton.
Andrew Scott, director at Dunmoore, said: “The speed of these pre-lets shows there is demand for quality space in the area, and we are very much looking forward to getting started on site in the coming weeks.
“We are in discussions with a number of other occupiers and hope to be in a position to announce further additions to the development in due course. As ever, we continue to look for further value-add opportunities and have funds available to deploy for the right opportunities.”
Dunmoore’s joint letting agents are Ogle Property and Kirkby Diamond.
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