News & Deals

August 2017 News

Take up of existing industrial stock continues in South East London

11 August 2017

Glenny has seen the continuing take-up of older stock as a result of the shortage of speculative stock coming to the market, especially where operators have a requirement for additional yard space.

Glenny has completed the letting of two units on the Hailey Road Industrial Estate in Erith on behalf of Tilfen Land. 66 Hailey Road,  a 30,899 sq. ft. warehouse situated on a 3.192 acre site, has been let to Intersped Ltd on a new 10 year lease. Glenny also sold the freehold and assigned a lease on Interspeds two previous units on the Riverside Industrial Estate in Dartford.

The adjoining 68 Hailey Road, a 32,020 sq. ft. warehouse situated on a 1.732 acre site, has been let to Aus-Trans Ltd on a new 14 year lease. Aus-trans relocated from the Greenwich Peninsula in advance of the site’s redevelopment.

41 Hailey Road, a 71,072 sq. ft. refurbished warehouse situated on a site 4.72 acre site, has received high interest and remains available, quoting £560,000 pax.

For further information, please contact Richard Seton-Clements in Glenny’s South East London & Kent Office.

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