After disposal of an adjoining unit, the final unit available with our clients has been disposed of on a 3 year lease at a competitive market rent. After a comparative slow start, further interest has been received in the unit and a number of parties have had to be disappointed. We have recently received substantial interest in this unit and I have had to disappoint a number of parties which hopefully shows a further uplift in the market for the small starter units in this area.
It would seem that now would be an ideal time for further units to come to the market and as the freehold sector remains strong, industrial interest for the rest of the year look encouraging. When all is said in done the different high road firms partition their conveyancing fees sydney two, in one corner you have the private conveyancing and in the other business hunkers.
The 130,000 sq m (1.4 million sq ft) portfolio comprises 19 retail parks across the country including schemes in Bridgend, Dunfermline, Gateshead, Leeds, the 19,405 sq m (112,000 sq ft) Century Park in Watford and the 25,454 sq m (274,000 sq ft) Capitol Centre in Preston.
The waterfront location, complete with its stunning panoramic views over Portsmouth harbour, was instrumental in Climax’s decision to choose Gunwharf Quays as Karl Jeffery, Chief Executive Officer, explains: Our relocation to Gunwharf Quays reinforces Climax Solent’s office as our flagship studio.
Gunwharf Quays offers offices with on site facilities that are unrivalled in this area and the whole site offers an amazing scope of inspiration for our highly talented teams who are keen to move and continue to develop world class games from the ultimate of office locations. The move to the new studio will see around 100 Climax staff relocated from the company’s premises in Fareham, Hampshire, part of a network that also includes offices in Brighton, Kingston and Nottingham.
Climax is the latest in growing roll call of organisations moving to Gunwharf Quays, including the BBC, Portsmouth International Marine Insurance Centre (PIMSIC) and local recruitment company, Pertemps. Gunwharf Quays has a strong appeal to businesses who put the quality of the workplace environment at the top of the agenda when choosing a new location. We had always anticipated that there would be a strong attraction among the creative and niche industries and this is being borne out by the calibre of incoming organisations and the sustained high level of new enquiries.
It strengthens Gunwharf’s working base and provides an even greater mix of what is available there for visitors. The signing of Climax at Gunwharf represents a growing trend in employers seeking Portsmouth as a location for their businesses, it is now seen as an ultimate location with the numerous national and international transport links, coupled with idyllic setting for social and professional activities.
The conclusion of the letting to Climax represents a key date in the life of Gunwharf cementing its position in the market as a quality office location for business’ to relocate to in addition to its attraction as a shopping/leisure destination. Form Developments, advised by Rogers Chapman has achieved a rent of £114.96 per sq m (10.68 per sq ft) on the letting of their refurbished industrial unit at 170 Windmill Road, Sunbury, Middlesex.