Profile Lighting Services are the latest company to agree terms on a
12,500 sq ft new-build unit at Raynham Road Industrial Estate in
Bishop’s Stortford.
Profile Lighting is already housed on Raynham Road in separate
buildings at the Links Business Centre. They have been located on
the Estate since February 1988 when they commenced trading and are
pleased to be continuing to support the local economy with its good
location and source of high calibre employees. Tony Philpot,
Profile’s Managing Director, sees the move to new premises as an
opportunity to amalgamate their existing business. “We have for some
time been thinking about premises in the locality to house our
business under one roof. The developers and agents have come up with
the right building that fulfils our needs and gives us the
flexibility to take our business forward. We are looking forward to
occupying our new premises and future expansion of our activities in
2011.”
The Raynham Road Estate, owned by the Howard Group for the past 9
years, is undergoing a major redevelopment programme. The Cambridge
based property group, leading commercial property developers and
investors in East Anglia, is driving forward its development plans
for the region. The commercial property market is only showing brief
signs of recovery from last year’s low, but the Group is confident
that the market will improve and has been rewarded by the fact that
over 50% of space for their Phase 1 redevelopment of the Raynham
Road scheme is now let.
Some 38,000 sq ft of industrial units are under construction with
the latest let agreed with Profile Lighting on Unit 3. In spring
2010, Edmundson Electrical agreed a 15 year lease on Unit 1,
totalling 5,565 sq ft, and is currently fitting-out ready for
trading in the coming months.
The remaining units are being marketed by agents Savills and King
Sturge. Phillip Ridoutt, Associate Director at Savills Commercial
Agency in Cambridge, commented: “These recent lettings are clear
evidence that regardless of the economic climate, commercial
occupiers have an ongoing appetite for well designed buildings in
prime strategic locations suitable for their long term space
requirements.”
Completion of the Phase 1 scheme is scheduled for the first quarter
of 2011 and forms part of a wider £7m redevelopment programme for
the Estate.
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