String of deals for Midlands industrial team
Knight Frank’s Birmingham-based Midlands logistics and industrial team has let three multi-let units in quick succession on Octagon Business Centre and Granada Trading Estate on behalf of Amanita and IM Properties, achieving new headline rents on both estates.
Octagon Business Centre has welcomed two new tenants to the estate, Cygnet Food Group, a Caribbean food seasoning company, which has committed to a five year term on Unit 5 (2,146 sq ft), as well as P.C. Boost, a PC and gaming technology specialists company, which has also secured a five year term on Unit 6 (2,086 sq ft).
The estate is now fully occupied.
Knight Frank on behalf of Amanita Limited have secured Pegasus Industrial Services on Granada Trading Estate, Oldbury. The engineering specialist has taken 15,802 sq ft of space in Unit 9 in addition to their existing premises of the A4034 on the basis of a new 10-year lease agreement reflecting newly achieved headline rent of £7.00 per sq ft.
Edward Kennerley, partner at Knight Frank, said: “The completion of these deals in quick succession has demonstrated a clear demand by occupiers for immediately available space within the West Midlands multi-let market. The lack of new development in tandem with the shortage of supply within this sector of the market has caused the continued growth of rental tones across the region.
