Full house at industrial estate for first time in two decades

Parkside Industrial Estate has become fully let for the first time in the past two decades.
BRIT,a multi let industrial platform run by Blackrock and Canmoor, acquired the Leeds estate in 2015, at which time the estate had a void rate of 37%, with five units being vacant.

The vacant units were fully refurbished and ajoint marketing approach with agents Gent Visick and Cushman and Wakefield then took place.
In early 2018, the estate was further improved with redecoration of the estate branding giving it a fresh modern look. Final lettings have now been agreed with Diagraph, G & H Building Services and Ward and Burke, who collectively have taken 26,899 sq ft, bringing the estate up to 100% occupation.
Daniel Austin, Asset Manager at Canmoor said: “We are delighted with what has been achieved at Parkside. We understood what the issues were with the estate and addressed these through pro-active Asset Management initiatives. The evidence shows that with the right hands on asset management and proactive agency, older refurbished estates can compete in line with more modern units.”
Daniel Walker, Gent Visick added “The full team has put a lot of hard work into bringing Parkside to a fully let status. This success story highlights the strength of industrial property in West Yorkshire and the quality of the units which we could offer to the market.”
Henry King, Cushman and Wakefield said: “We are very proud to have contributed to the success story at Parkside. Since refurbishment, both joint agents have been able to secure a number of good quality tenants on competitive deals and we are both delighted we have been able to validate the investment and backing shown by our client.”

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