Pictured above: Jane Leedham
Entrepreneurs, start-up companies and firms experiencing
business growth are being encouraged to relocate to a Birmingham
business park following the launch of two new flexible lease
packages.
SEGRO Plc has announced the introduction of the 3-6-9 Lease and
the Enterprise Lease for customers at its Kings Norton Business
Centre in the south of the city.
SEGRO leasing manager Jane Leedham said the new package of
leases had been developed to encourage smaller businesses and
entrepreneurs after the company recognised it needed to adapt to
current tough market conditions. The leases offer firms flexibility
combined with certainty of cost.
Jane said: "At SEGRO we want to do all we can to support
businesses. We've listened to business leaders and entrepreneurs
and have adapted our lease packages to suit their requirements.
With the 3-6-9 Lease and the Enterprise Lease we are providing
companies with flexible options which we hope will allow them to
prosper and grow at Kings Norton Business Centre and across our
holdings in the UK."
Companies that have already taken advantage of the new leases
include Wates Construction. The company has taken an Enterprise
Lease recently on 37 Sovereign Road. An existing customer, Wates
Construction needed a different unit and flexibility on the break
whilst establishing their longer term needs, said Jane.
The 3-6-9 Lease is a nine-year lease with breaks at three and
six years, offering greater flexibility to the standard lease.
Greater certainty of cost to assist with customers' budgeting over
the term of the lease is provided via capped service charge
increases and three yearly rent reviews implemented as 3%p.a.
compound interest fixed uplifts.
The Enterprise Lease is a short-term, three-year lease suitable
for smaller units, or, older stock identified for redevelopment in
the near future. This Lease offers maximum flexibility of term with
breaks after one year followed by a rolling break thereafter
subject to three months notice. Service charge and insurance
are included in the rental.
Kings Norton Business Centre is the premier Business Centre in
south Birmingham, meeting the business space needs of a diverse
range of companies. The location of SEGRO Plc's regional office
on-site at KNBC allows customers direct contact with the leasing
and management teams, enhancing the service on offer.
Located on a 24.3 hectare (60 acre) site, the development is
wholly owned by SEGRO Plc whose local management team is able to
cater for the needs of the occupiers from its on-site regional
office. The estate is maintained on a structured basis providing a
first class business and working environment, with tenants
benefiting from 24-hour mobile security, CCTV coverage and
consequential low crime rates.