News
Arkwright Road Industrial Estate, Bedford in Pole Position
created: 5:09 pm 18/02/2011, modified: 5:09 pm 18/02/2011
Having recently received a substantial makeover, Arkwright Industrial Estate is an opportunity not to be missed for those looking for warehouse or industrial space in Bedfordshire. The newly completed A421 dual carriageway link road to Junction 13 of the M1 motorway makes the location even more attractive.
Five units are currently available through our joint agents Douglas Duff and Brown and Lee. The units benefit from generous communal loading and parking area, roller shutter loading doors and internal offices. Individual units range from 4,761 sq ft up to 9,572 sq ft and can be combined if needed.
The units are immediately available to let on new leases on terms to be agreed. If you wish to view or require more information, please contact us.
What a Difference A Year Makes
created: 2:37 pm 22/10/2010, modified: 2:37 pm 22/10/2010
Friday 8th October 2010 marked the first anniversary of Max Property Group's acquisition of the Industrious portfolio. The portfolio which now comprises just under 7 million square feet spread across 83 properties in locations across the United Kingdom and has seen some significant developments in the 12 month period of Max's ownership, some of which are highlighted below:-
- Significant investment by Max into estate and unit refurbishments, which has resulted in enhanced estate appearances to the benefit of both new and existing tenants.
- Significant investment by Max into estate and unit refurbishments, which has resulted in enhanced estate appearances to the benefit of both new and existing tenants.
- GVA Grimley Ltd now deal with all day to day property management and accounting functions
- The former staff of Industrious Asset Management Ltd being successfully integrated in GVA Grimley Ltd in London, Birmingham and Edinburgh providing consistency to our tenants and suppliers
- A flexible and proactive approach to leasing being adopted across all properties, meaning we can react to tenant's requirements quickly and efficiently to solve their property requirements to their satisfaction
- Completion of over 250 separate transactions across the portfolio including lettings, lease renewals, lease re-gears and rent reviews with many tenants opting to extend their leases and remain within the portfolio for the foreseeable future
- Further expansion and development of relationships with our tenants and suppliers through regular contact with our management team
- Portfolio wide marketing campaigns being formulated and delivered, including new Industrious website, property brochures and local press advertising, promoting the virtues of the Industrious portfolio.
The first twelve months have been fantastically successful and we look forward to working with our tenants and suppliers to ensure that the next 12 months are equally, if not more successful.
MAX PROPERTY GROUP AND ORCHARD STREET AGREE £30M INDUSTRIAL TRANSACTION
created: 12:04 pm 22/09/2010, modified: 12:05 pm 22/09/2010
20 Setember 2010
for £30.5m the 370,000sf Castle Industrial Estate, High Wycombe in an off- market
transaction. The vendor was Max Property Group plc advised by Prestbury Investments LLP.
John Lewis, Geodis, Biffa and R H Amar, producing a rent of £2.85m pa.
March 2010 valuation and £15.8M of cash will be released for new acquisitions after
repayment of bank debt.
estate which offers a good balance of income and management opportunities in a market
with limited supply."
of leases and new lettings on over 200,000 sqft on this estate. Whilst we were not
seeking a disposal, with a lot size of over £30M reflecting £87psf Castle Estate is not
a natural fit with the remainder of the Industrious portfolio which comprises 80 higher
yielding properties with an average lot size of under £3M and acquired at circa £30psf."
Buildings for the future
created: 10:51 am 22/03/2010, modified: 11:37 am 25/03/2010
Nick Leslau’s Max Property Group – parent company of Industrious – is leading the way out of the recession by backing itself in the property market.
Surveyors have been appointed to let properties in the 600,000 sq ft Industrious Estates portfolio in Greater Manchester.
Commenting on the move, Paul Nolan, a partner at surveyors Nolan Redshaw, said ‘Nick understands that the property market is going to repair itself from the ground up, through smaller units on industrial estates. The aim now is to let vacant space and invest in refurbishment’.
Industrious was sold by its receivers to Max, a company run jointly by Leslau and Mike Brown. The AIM-listed company has also bought a portfolio of 10 offices for £36.5m.
