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•• Gent Visick let 250,000 sq ft at Radial Park
     

Gent Visick, the Leeds-based industrial property specialists, have let 250,000 sq ft at Radial Park, Leeds to Autoquake Ltd.

The deal will see the former Vickers tank factory transformed into a vast car storage shed after Gent Visick completed negotiations for a five-year lease on behalf of owners Threadneedle Property Investments.

The deal highlights changes in the commercial property market, and is a great example of the need for creative thinking in these difficult economic times.


L: Chris Mathewman, Area Manager, Autoquake   R: Rupert Visick, Principal, Gent Visick.

Businesses such as Autoquake, which operate online and use the reduced overheads and operating costs to offer a lower-priced product, can benefit as buyers become more cost-conscious and pick up a greater share of the market.

Rupert Visick commented ‘We have had to adapt our strategy in line with market changes, to identify new sectors in which to target potential occupiers and complete deals. This letting amply demonstrates the value of that approach.’

Alex Brouwer for Threadneedle Property Investments, added: ‘Reducing voids is of paramount importance under the current market conditions. Gent Visick understood the pressures involved here, and put a great deal of time and effort into crafting an innovative solution and seeing the negotiations through to a successful outcome.

For further information please contact Rupert Visick on 0113 245 6000 (rupert.visick@gentvisick.com)

     
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