Guildford Europe expands in Derbyshire with 72,500 sq ft shed deal

Guildford Europe, the supplier of performance textiles and part of the giant Lear Corporation, has taken a lease to take a 72,480 sq ft industrial warehouse at PMW’s West 28 building.

Guildford Europe says the move will further develop its automotive division.

Agents on the deal at the Clover Nook Industrial Estate, Alfreton, were Commercial Property Partners and CBRE.

Sean Bremner, Partner at CPP said: “This is a significant deal for our client. We knew the incumbent tenant was relocating and worked fast to identify a new occupier to ensure minimal void period from one lease ending and the new one starting. Demand in the area remains very strong and this unit presented itself as the perfect premises for Guilford Europe’s expansion.

“Junction 28 is experiencing a limited supply of good quality buildings between 50,000 and 100,000sq ft. There has been virtually no new build accommodation introduced to the market over the past few years, with occupiers having to secure the best of the second hand premises.

“As a result of the current demand and supply dynamic the region has seen lease lengths extend, incentives reduce and some rental growth evident – which is good news for landlords.

“It’s further good news for the local economy to see Guildford Europe expanding in the area; on behalf of CPP we wish them every success in the future.”

Mike Wrigley of PMW Property Developments said: “We are delighted to have secured a new lease upon West 28 so quickly. Sean at CPP worked quickly and effectively to attract the right interest, and we have achieved a great result.

“We have significant holdings in and around Junction 28 all of which are performing very well for us where we have assisted occupiers to expand and retain a presence in the area. We are pleased to welcome Guilford Europe into the portfolio.”