Developer fully lets trade counter units and drive-thru

Tungsten Properties has secured tenants and freehold sales for all seven trade counter units and one drive-thru at Tungsten Trade Park Brackley, Northamptonshire.

The new tenants include Easy Bathrooms, Screwfix, Garage 59, DAR Group, Toolstation, Rapid Electrical, Rexel, and Costa Coffee.

All units and the drive-thru have been sold as either occupier freeholds or as investments to private investors.

Jeff Penman, managing director of Tungsten Properties said: “Following a significant deterioration in the institutional investment market, we decided to separate the estate and sell it as seven individual properties which resulted in the project performing ahead of the business plan. The success of the scheme, despite challenging economic conditions post-completion, has led to further deals being agreed between Tungsten and EPIL at sites in Milton Keynes and High Wycombe.”

Ashleigh Hayes, associate development director of Tungsten Properties added: “To have all units occupied and sold shows the strength of demand for trade counters in the thriving town of Brackley. We have a fantastic tenant line up and the occupiers will undoubtedly benefit from each other’s presence in the Park. This is evidenced by Costa which has already extended their lease, showing the strength of the trading position.”

The project started in Q3 2021 and was completed in Q4 2022 and is Tungsten’s second joint venture with funder Euro Property Investments.