Business
Key Letting at Swindon Industrial Estate
Key Letting at Swindon Industrial Estate.
About this update from Schroder Real Estate Investment Trust Ltd
[{"type":"text","content":"\n \nFor release 23 May 2018\n\nSchroder Real Estate Investment Trust Limited\n\nKEY LETTING AT SWINDON INDUSTRIAL ESTATE\n\nSchroder Real Estate Investment Trust (‘SREIT’), the actively managed UK-focused REIT, announces that it has exchanged an agreement to lease a 25,677 sq ft warehouse unit to Recycling Technologies Limited at Stirling Court in Swindon. \n\nThe lease is conditional on SREIT refurbishing the unit at a cost of £220,000 which should complete by August. On completion Recycling Technologies Limited will take a new 10 year lease at £166,000 per annum or £6.50 per sq ft, with a tenant break option at year five. The tenant has provided a £100,000 rent deposit.\n\nThe rent is 23% above the level paid by the previous tenant and reflects strong demand for good quality industrial units. The rental evidence created by this letting will be used for an ongoing rent review for a comparable adjoining unit.\n\n-ENDS-\n\nFor further information:\n\n\n\nSchroder Real Estate Investment Management Limited:Duncan Owen / Nick Montgomery / Frank Sanderson\n020 7658 6000\n\n\n\nNorthern Trust:Fraser Hiddelston\n01481 745529\n\n\n\nFTI Consulting:Dido Laurimore / Richard Gotla\n020 3727 1000\n\n\n\n ","length":1805,"tagName":"div"}]