10/10/2017 - Dyfed Miles
A raft of recent industrial lettings has resulted in 100% occupancy of the Tannen Group’s 175,000 sq.ft Industrial Estate at Horsefair Road, Waterton Industrial Estate, Bridgend.
Our recent lettings of 20,000 sq.ft to Cooper Standard, 20,000 sq.ft to Kontroltek Ltd and 17,500 sq.ft to AO Retail has resulted in 100% occupancy for the first time in 10 years.
The recent lettings were assisted by the Tannen Group’s willingness to substantially renovate and refurbish their units so as to meet with tenants specific requirements.
The lease terms negotiated are a reflection of the improvement in the local industrial/ commercial property market with decent lease commitments being entered into and at rentals indicating significant market recovery.