A commercial property consultancy is encouraging developers to consider building more high quality industrial premises following two new deals which mean a Dunstable trading estate is now fully let.
Five units have been snapped up at Chalklands Place, Eastern Avenue, since the development was completed in January last year, say Lambert Smith Hampton.
The final two deals at the site see units one and two leased to electrical supplies firm WF Senate, while units four and five have been let by Plumb Centre and Parts Centre, of the Wolsley Group. Unit three was let to Autel Intelligent Technology when the scheme first completed. Both new tenants signed 10-year leases after being displacedfrom Dukeminster Trading Estate, said Dan Jackson, senior surveyor at LSH, Luton.
He said: “This success reinforces our view that occupiers are still keen to secure Grade A product in a market starved of good quality premises. Hopefully more developers will be able to capitalise on this going forward.”