Full House at Parkside Industrial Estate, Leeds
June 13, 2018
Following a flurry of recent lettings ‘Parkside Industrial Estate’ has become fully let for the first time in the past two decades.
Upon acquisition of the estate by BRIT in late 2015, multi let industrial platform run by Blackrock and Canmoor’, the estate had a void rate of 37% with 5 units being vacant. Through a proactive marketing approach together with agents; Gent Visick and Cushman and Wakefield, the vacant units were fully refurbished to a high standard. Upon PC of the works the agents secured a number of successful lettings.
In early 2018, the estate was further improved with redecoration of the estate branding giving it a fresh modern look. Final lettings have now been agreed with Diagraph, G & H Building Services and Ward and Burke who collectively have taken 26,899 sq. ft. bringing the estate up to 100% occupation.
Daniel Austin, Asset Manager at Canmoor commented “We are delighted with what has been achieved at Parkside. We understood what the issues were with the estate and addressed these through pro-active Asset Management initiatives. The evidence shows that with the right hands on asset management and proactive agency, older refurbished estates can compete in line with more modern units.”
Daniel Walker, Gent Visick added “The full team has put a lot of hard work into bringing Parkside to a fully let status. This success story highlights the strength of industrial property in West Yorkshire and the quality of the units which we could offer to the market.”