Completed

Fleets Corner Industrial Estate

Poole

Description

A prime multi let Industrial Estate comprising 535,000 sq ft of industrial and office accommodation.

Key Achievements

  • To undertake a rolling refurbishment, redevelopment and lease re-gear programme acting as asset, development and project manager.
  • Developed master plan to achieve an additional 150,000 sq ft
  • Re-geared 90% of leases establishing new rental tone
  • Pre let 30,000 sq ft to national covenant
  • Modernised the Estate, drove rental growth, extended lease length and reduced vacancy to zero
  • Created a new access road off Waterloo Road.

Exit

The property was sold to Hermes Investment Management in January 2016 for £36,000,000.

Partner

The Poole Trust Unit c/o Clearbell