Trade park sees success - commercial mortgages

16 July 2008

In news that may interest those with commercial mortgages, a business park in Widnes has seen a number of new lets being clinched as demand for its property rises.

Widnes Trade Park is able to command rents of £6.50 per square foot, with companies renting premises on the site including Dulux, Screw Fix and BSS, the Liverpool Daily Post reports.

Of the 500,000 sq ft on the park, 60 per cent has now been let.

Commenting on the success of the location, associate director of CBRE Paul Cook told the paper: "Not only is the quality of accommodation available in Widnes Trade Park impressive, but the fact it has achieved record headline rents shows that demand remains strong in this sector."

Another commercial rental deal clinched this week took place in Stoke-on-Trent.

Henry Boot Developments has let the last 190,000 sq ft at its Meir Park development to Sants Pharmaceutical Distributors on a 25-year lease, Property Week reports.

The site will commence construction in the next few weeks and is due to be completed next year.