Project summary
- Brand new speculatively built warehouse facility extending to 97,242 sq ft known as Prime Point.
- Secure a good quality tenant to reinforce and maximise the investment value.
- Minimise the void period of the unit.
Solution
- Fisher German appointed to undertake an extensive marketing campaign to secure a tenant for the property.
- Agreed a long term lease with one of the UK's leading wholesale suppliers of appliances, homeware gift & garden equipment.
- The tenant was secured prior to practical completion of the building.
Benefits
- A 15 year lease was agreed to a company with a good covenant strength.
- Client's voids cost on the property were minimised therefore saving money.
