Pictured: Unit 6, Kingsbury Business Park
National commercial property consultancy Lambert Smith Hampton
(LSH) has let a major Birmingham industrial unit to international
floor coverings group Headlam.
The letting, jointly transacted with CBRE, means that the
Kingsbury Business Park at Minworth is now fully let - a major
achievement in current market conditions.
The unit - Unit 6 on the Kingsbury Business Park on the A38 near
the M6 and M42, is owned by Centurion Properties and the Scottish
Widows Investment Partnership Property Trust. It has been let
to HFD Ltd, which is part of the Coleshill-based Headlam Group,
Europe's leading distributor of floor coverings.
The 41,750 sq ft Unit 6 building on the 14-acre industrial park
has been refurbished to a very high standard, and includes offices,
service yard and car parking.
Kingsbury Business Park forms part of a £60.5 million
industrial portfolio acquired by LSH earlier this year. The
portfolio acquisition, which includes seven industrial estates and
a distribution warehouse, was the biggest industrial property deal
in the Midlands this year.
Alex Carr, Associate Director in LSH's Birmingham-based
Industrial and Logistics Agency team said: "This is a very
significant deal and it means the Kingsbury Business Park is fully
let - a major achievement in the current environment. We have
secured this letting within six months of ownership which
significantly outperforms the average void time of nine to 12
months."
Jon Ryan-Gill, senior surveyor in the Industrial Agency and
Development team at CBRE in Birmingham, said, "The letting to
Headlam is the icing on the cake for Kingsbury Business Park. The
scheme has already attracted large, blue chip names such as GKN and
Webasto, and Headlam is another great name on the tenant
roster."
For more information about Lambert Smith Hampton, please visit
their website here: www.lsh.co.uk