Record letting deal at the IO Centre in Waltham Cross

Glenny, acting as the sole agent on behalf of Orchard Street Investment Management, has let Unit 10 on the IO Centre, a business estate located on Lea Road in Waltham Cross, Hertfordshire, at a record rent of £11.50 per sq ft. The unit, a 5,802 sq ft (539 sq m) warehouse with ancillary ground and first floor office space, is a modern industrial facility and features a single full height loading door, 15 car parking spaces, concrete loading apron and III phase power supply. The IO Centre is ideally located near J25 and J26 of the M25. The area is a popular and established location for commercial occupiers. Ivan Scott, Divisional Partner within the Business Space Agency team at Glenny, said:

"At £11.50 per sq ft,, this represents a new rental level for the estate and reinforces the rental growth story for key locations in the north M25 area."