Advised by Colliers International, Aspect and Smith Young this deal for Unit 1 which comprises 11,111 sq ft, reflects growing demand and limited supply for industrial space in the West London market.
Unit 1 is part of a nine unit 161,372 sq ft speculative industrial and warehouse development, the first in the Park Royal area since the downturn. Central Park is a 6.5 acre site at the heart of Park Royal, Europe’s largest industrial estate. Units are available from 10,837 sq ft to 74,010 sq ft.
Jim Bryan of Goya Developments comments: “Following the letting to Christie last year and now Kinetic, interest in the remaining seven units has exploded into life and we now have a number under offer which will be announced shortly. Park Royal is still London’s premier industrial and warehouse location and ours was one of the first speculative developments in London to offer a 25% reduction in carbon emissions and energy use.”