doc

A THRIVING industrial estate is once again fully let following the completion of deals involving four units.

National commercial property consultancy Lambert Smith Hampton acting as sole letting agents has secured four new leases with two tenants, bringing investment and jobs to Lakeside Industrial Estate in Redditch.

CDI UK – Clements and Street, which specialises in the manufacture and installation of bespoke event space interiors and exhibition stands, has taken a new 15 year lease of units 10, 11 and 12, while Meritor Aftermarket UK Ltd, a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets, has taken a lease of unit 14.

Gemma Butler, industrial & logistics graduate at LSH in Birmingham, said: “These two transactions demonstrate both the popularity of the estate and the dearth of quality multi-let industrial stock in the Redditch market at present. It is very pleasing to be working on behalf of Centurion Properties and SWIPPT and these transactions once again highlight their track record of delivering out-performance on multi-let industrial assets.”