It was a busy February for the UK’s leading regeneration specialist, St. Modwen, as the developer completed four more new deals at Henley Park Industrial Estate near Guildford.
Almost 30,000 sq ft of space was let in February to new tenants Surrey Timber and delivery courier service Hi-Speed Services Ltd, together with carbon textile manufacturer MAST Carbon, which has renewed two leases at the value-for-money industrial estate.
Nick Kay, development director at St. Modwen, said: “It’s excellent to start the year on a high with these new deals and the renewal of two leases at Henley Park following our letting of 40,000 sq ft of space in the last quarter of 2009. Confidence is clearly growing and we’re looking forward to a positive 2010.”
“The site is well-located and tenants are attracted to the “easy in, easy out” terms on offer, with all lettings focused towards our plan to demolish and redevelop the site in October 2011.”
Formed from the subdivision of the former Vokes factory, the 215,000 sq ft industrial estate sits adjacent to the new 95,600 sq ft business park which St. Modwen acquired in 2002. Only one unit of 5,500 sq ft remains available on this site. St. Modwen was also granted a reserved matters planning consent for the next phase of 215,000 sq ft – another significant achievement for Henley Park last year.