Demand for mid-sized units in Northampton is proving to be a sustainable trend with the agency team acting for developer Seven Capital reporting the letting of a speculative Grade A facility at Pineham.
The 63,484 sq ft distribution warehouse has been acquired by network infrastructure cabling solutions provider HellermanTyton Data. The company has been in Northampton since 1988 and is part of HellermanTyton Group plc
The landlord’s agency team of Burbage Realty, MWRE, Prop-Search and Savills agreed the letting on the basis of a new ten-year lease at a rent equating to £6.95 per sq ft.
Prop-Search director Richard Baker, pictured below, said: “Pineham has continually proven to be an exceedingly popular location for warehouse and logistics occupiers. This unit has provided an ideal upgrade for the occupier in terms of both size and specification.
“There continues to be strong occupier demand for new space after years of limited availability.”