Economy remains steady despite uncertainty

Berrys

1st April 2019

Property Portfolio

Berrys

By Simon Parsons

Berrys

THE end of the financial year draws closer and whilst the conversations of the last few months have been primarily focused around Brexit and various possible outcomes, the commercial market has continued to demand greater supply.

There has without doubt been a slowdown in the pace of decision making and delay in this process. However the economy has remained steady and businesses have sought to progress their strategies.

The lack of supply of stock, especially of modern industrial/warehouse units, has increased demand from occupiers and investors seeking opportunities. In Abingdon, Oxfordshire, Berrys are marketing a unit of approximately 5,000 square feet (464.5 square metres) available by way of a new lease. This brand new light industrial/warehouse unit is constructed with mezzanine offices allowing greater flexibility of the warehouse area. The building is located on the Abingdon Science Park, off Barton Lane.

On the A14 at Cransley Court, located off Junction 8 off the A14 and A43 intersection, our client is offering a new light industrial/warehouse unit, to provide 16,250 square feet (1,509 square metres) divisible into units of 2,500 square feet (232.25 square metres. There is a further detached unit of 3,750 square feet (348 square metres). These new high quality units are available either on a freehold or leasehold basis.

Also at Cransley, we are offering design and build solutions to provide bespoke leasehold or freehold office units ranging from 5,000 square feet (464.5 square metres) upwards. Cransley Office and Innovation Park will provide to companies, seeking a high profile location, a gateway to the north of the county and the A14 corridor. This strategic location will allow companies to draw on the growth of both Kettering and neighbouring locations. In addition, this development will offer an alternative to those competing locations that are restricted by lack of expansion opportunities.

Whatever the result of Brexit, businesses will seek to be competitive and fully understand what individual characteristics makes their organisation remain at the forefront of their sector. Modern and efficient buildings, along with futureproofing of their real estate, is a key part of this overall strategy. Shrinking labour supply across the UK is placing pressure on businesses to find alternative solutions to attracting the best talent.

The opportunities identified above are available and interested parties should contact Berrys for further information. We would be delighted to assist you in helping you achieve your real estate objective. Contact Simon Parsons, BSc (Hons) MRICS on 01536 213169 or 07711 042330.

Berrys