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New headline rent set at Yate industrial estate during COVID-19 lockdown

140720NewheadlinerentsetatYateindustrialestate

Colliers International has achieved a new headline rent for Beeches Industrial estate during the lockdown period. 


The global real estate advisory firm, acting jointly with JLL on behalf of client DTZ Investors, secured the deal for the 6,939 sq ft unit at a rent of £7.95 psf, on a new 10-year lease.

The deal included a competitive rent-free package at the beginning of the lease and a five-year tenant break option.  

Tom Watkins, Associate Director, Head of the Bristol Industrial & Logistics team, said: “Despite the economic pressures being faced by businesses up and down the country due to the COVID-19 lockdown measures, we’ve been able to secure a new tenant at the quoting rent for this industrial estate. 

“Many of the units on this estate have been recently refurbished and we believe this was one of the key factors that helped us to secure this new letting because there’s still strong demand for good quality industrial space.” 

Elliot Herbertson, Asset Manager at DTZ Investors said “It’s great to see that demand remains strong in the Bristol market. It’s evident that occupiers are searching for good quality space, so we were confident that our decision to comprehensively refurbish the units would be the right one and we have been rewarded accordingly.”

Colliers International is also marketing other quality industrial units on the estate, with features which include parking, loading bays, yard space or office accommodation.

Units 27-28 (14,061 sq ft), is currently undergoing an extensive programme of refurbishment works, and is being marketed along with Unit 50 (6,552 sq ft), a new build premises which is available for immediate occupation, and Units 7-8 (14,006 sq ft), which is refurbished and available for immediate occupation. 


Related Experts

Tom Watkins

Director

Industrial and Logistics

Bristol

I joined Colliers International in 2012 for a years placement as part of my degree at Bristol UWE.  Since completing my degree I re-joined the Bristol office in 2014, and qualified as a Chartered Surveyor the following year, and then subseqnently managed to secure promotions year on year until being kindly awarded Directorship in  2019.

I am now Head of the South West Industrial & Logistics team based out of Bristol, specialising in the disposal and acquisition of industrial premises in the South West and South Wales regions, as well as providing specialist advice on industrial/warehouse  development.

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Kim Inam

PR Manager

Marketing & Communications

London - West End

I'm a communications professional who has previously worked as a journalist for eight years covering a broad range of topics including politics, crime, health and housing in north London. In recent years I have worked in corporate communications for local authorities across London  and joined Colliers in October 2019, initially providing maternity leave cover.

I provide strategic public relations advice to various business lines within the UK organisation to secure recognition for their work in the property press as well as key target media, and work with our experts to produce thought leadership pieces which are of interest to our clients and colleagues within the commercial real estate sector. In addition, alongside colleagues in the PR and wider communications team, I provide media and social media training for our in-house experts to prepare them for media opportunities and raise their personal brand within the sector.

As well as supporting various teams within the UK business, I also I curate and edit regular content for the Colliers.com blog, which drives credible business leads to our experts.

 

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