King Sturge - Industrial Letting - Reading

Date: 01 May 2008

London & Cambridge Properties Ltd has let eight out of nine units on its Base 329 scheme on Headley Road East, Woodley, Reading, at the quoting rents of £8.95 ft²

The 51,500 ft² project was 35% pre-let with units 4-6 going to Storage King. Four other deals were completed within weeks of practical completion with units going to Wilts Wholesale Electrical (unit 3), Loftlock (9), Pipeworks (8), BJA Design Exhibitions Ltd (1&2).

The Storage King transaction was based on a 25 year term with the others being for ten years. An average six month rent holiday was granted with two deals also having break clauses after five years subject to rental penalties.

King Sturge and Fryer Holt acted as joint agents for London and Cambridge.

Related website: King Sturge

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