Developer seals triple deal at Leicestershire business park

Listed regeneration firm Harworth Group has completed three new lettings at Melton Commercial Park in Leicestershire.

John Hill Coach Sales & Services has taken a 10-year letting of both the 1,800 sq ft Unit B & the one acre Plot 15a, generating £36,000 per annum of new income to Harworth. In a separate deal, existing tenant S&J European Haulage has taken a one year lease for Unit C2E, which total around 3,700 sq ft, generating a further £15,500 a year.

Harworth has appointed Manchester based agency, Landwood Group, to manage its portfolio of 21 business parks across the UK. Landwood Group has taken over the mandate from Lambert Smith Hampton.

Andrea Morley, associate director of business space at Harworth, said: “These deals reflect the team’s continued hard work at maximising the value of the underlying portfolio, with the income continuing to cover Harworth’s operating costs. We continue to see good levels of enquiries for the remaining space across our business parks and I look forward to us announcing further new lettings across the portfolio in both November and December.”

Callum Foley, asset manager at Harworth, added: “Melton Commercial Park has always been a popular site, as the property and land across the site suits a variety of industrial uses. We aim for the site to be fully let as soon as possible through our retained agents at Innes England and Knight Frank.”