Industrial estate acquired by private investor
A multi-let industrial estate in Bedfordshire has been acquired by a property investment company in a deal brokered by leading property consultancy Kirkby Diamond.
Kirkby Diamond’s head of commercial agency Eamon Kennedy advised the private investor on the purchase of Sundon Park Industrial Estate in Luton.
The industrial estate, at Dencora Way, consists of nine industrial/warehouse units ranging in size from approximately 4,000 sq ft to 14,000 sq ft with secure yards.
Kirkby Diamond has subsequently been appointed to market vacant units, and provide advice on lease renewals and rent reviews with existing occupiers
Eamon said: “This is an excellent acquisition for our client. We have acted for them for many years and have helped them to grow their property portfolio across the region. They now hold a number of industrial estates within their portfolio, and Sundon Park fits in perfectly with their investment strategy.
“We are also negotiating all outstanding rent reviews and lease renewals, with 90% concluded. The demand for units at Sundon Park clearly demonstrates the growing demand across Luton for industrial units, combined with a limited supply of good quality accommodation.”