Kirkby Diamond Go From Strength to Strength
We are now well into 2015 and the commercial market is officially firing on all cylinders. Market confidence has finally returned with Milton Keynes proving its worth to many new businesses. This has certainly been seen at the Clarke Road Industrial Estate, Mount Farm, Milton Keynes.
The estate which comprises 28 units arranged in two horseshoe terraces with a central yard sat, some six months ago, with 7 voids following options to determine being actioned as well as an unfortunate demise of several businesses. The outlook at this point was uncertain. However, with intensive asset management and outside the box thinking coupled with a ‘can do attitude’, we capitalised on the changing market and secured 5 lettings in a matter of months.
A strong headline rent was achieved on all deals aiding in several lease renewals which were ongoing at the time. This has enabled us to push the estate ERV up by a further £0.50 sq ft.
The majority of the lettings were to businesses which had previously been located elsewhere in the UK. A new trend is emerging where many businesses formerly based in either London or Birmingham are now seeking space in Milton Keynes due to its strategic road links and progressive nature.
Invest MK commented:
For the last six years Milton Keynes has been the city to watch, this year we topped the ranks being crowned No1 for job growth in the last decade, adding to this title we have now become the No1 location outside London for start-ups, and top 10 for new patents registered.
Let’s not forget that we are Britain’s fastest growing city by population, our population has grown 18% between 2004 and 2013, and we have expanded our job base by 24,400, a growth of 16%.
Milton Keynes is a growth town and will continue to be a desired location by many companies small or large. At Kirkby & Diamond we are deeply embedded within Milton Keynes, having been based here for over 30 years. We are very much looking forward to many more successful years within the town and look forward to working with you all in the future.