Page 13 - Caxtons KPMR 2021

Lettings
Date
Location
Landlord
Tenant
Floorspace ft2
Rent (pa)
Lease term
Agent
Dec ’20
Radial 74, The Bridge, Dartford
M&G
CEVA
73,916
£794,597
10 yrs
Altus/CBRE
May ’21
Unit 1B, Parkwood Industrial Estate, Bircholt Road, Maidstone
GGT Estates Limited
DX Network Services Ltd
24,929
£168,270
–
Harrisons
Jul ’21
59-63 Hopes Lane, Ramsgate
Private Client
Wholefoods Earth Limited
15,595
£70,000
5 years, break at 3
Caxtons
Dec ’20
3E Priory Park, Mills Road, Quarry Wood, Aylesford
Lothbury
Hermes
10,901
£114,500
5 years
Altus/Martine Waghorn
Jan ’21
Acquisition for tenant, The Cedars, Marden
G G Tomkinson
Rapesco plc
9,300
£74,400
5 years
Salisbury & Co
Dec ’20
Unit 23, Waterbrook Park, Ashford
GSE
Cascade Business Supplies
2,565
£31,740
10 yr lease
Sibley Pares/ Knight Frank
Sales
Date
Location
Vendor
Purchaser
Floorspace ft2
Capital value
Agent
Jun ‘21
Devt site, Monument Way, Orbital Park, Ashford
Beckett Holdings Ltd
Newco Ltd
1.8 acres
£1.1m
Harrisons
Feb ‘21
A1-A2 Manor Way Business Park, Swanscombe
AABRS Ltd (Receivers)
Petchey Industries (No 3) Ltd
35,774
£2.1m
Caxtons
Joint agents Savills
Feb ’21
4, Swan Business Park, Sandpit Rd, Dartford
Aisin Europe
Milton Group
12,195
£1.7m
Altus
Jan ’21
Ozengall Pl. Eurokent Bus. Park, Ramsgate
Sandikent Limited
Private purchaser
3,068
£210,000
Caxtons
comprising five units totalling 7,103m2 (76,460ft2) and Dartford X also providing five units totalling 17,232m2 (185,499ft2). The Arc, Snodland, delivering another five units offering up to 11,274m2 (121,367ft2) is now fully pre-let. In addition, a number of speculative trade counter schemes are under construction, all seeing pre-let activity including Kier Trade Park, Gravesend, M2 City Link on the Medway City Estate and Oakdene Trade Park in Wrotham.
Panattoni, the world’s largest privately owned industrial developer, has been granted permission to deliver 176,580m2 (1.9m ft2) of quality warehousing and distribution space in Kent at a 90 acre site which was previously home to Aylesford Newsprint, close to Junction 4 of the M20.
The £180m investment is expected to be fully developed and occupied by 2024. There is further design and build land at Waterbrook Park in Ashford with detailed consent for up
Crossways Commercial Park, Dartford.
Kent Property Market Report 2021 11
CREDIT: GOODMAN