Equation Properties and GLP Europe are pleased to announce two lettings on the scheme. The letting of Unit 2 in August to S.F. EXPRESS CO. LTD comprising 90,000 SQ FT, and the letting of Unit 3 in November to Whistl UK Ltd comprising 155,000 SQ FT. This brings the park to 55% let.16th November 2020
In conjunction with Bridges Fund Management. Verda Park is a brand new commercial development in Wallingford, South Oxfordshire, built to the highest specification with outstanding sustainability features (Net Zero Carbon, EPC A+ & BREEAM 'Excellent'). The park is located on Hithercroft Estate, an established commercial area which benefits from main road frontage to the Western Bypass (A4130).
The site, which extends to 7.56 acres, offers a mix of unit sizes ranging from 5,124 - 69,901 sq ft available from Q2 2021, with the ability to combine units. Verda Park is an ideal destination for a magnitude of businesses, being suited to a variety of industries including; industrial, trade, science, research & development, technology and innovation.12th October 2020
Equation Properties and Sheikh Holdings are thrilled to announce that construction for the development has concluded. The scheme is 45% occupied, leaving just 9 speculative industrial units from 7,342 – 37,488 SQ FT available for occupation.25th September 2020
Equation Properties and LaSalle Investment Management are pleased to announce the first letting on Phase 1 at Proxima Park. The letting combines Unit 126 & 127, which comprises of 33,406 SQ FT and takes Phase 1 to 32% occupied.18th September 2020
Equation Properties in conjunction with Arrow Capital Partners are pleased to announce the acquisition of Churchill Court in Manor Royal, Crawley. The business plan will be to redevelop the 4-acre site, which comprises two office buildings of more than 70,000 sq ft of urban logistics units.7th September 2020
Equation Properties has been shortlisted for 'Deal of the Year under 50,000 SQ FT' by the Industrial Agents Society. The deal in question being the leasing of Unit 310 at Proxima Park, which was pre-let to Coopers Fire as of June 2019. The occupier took occupancy of their new facility in March 2020.31st July 2020
Construction is progressing rapidly for A.F. Blakemore and Son Ltd's 164,850 SQ FT temperature controlled unit, with the steel frame beginning to take shape.21st July 2020
Equation Properties and LaSalle Investment Management are thrilled to announce that construction for Phase 1 has concluded. Phase 1 consists of 13 enhanced specification industrial units, ranging from 3,000-20,000 SQ FT. For more information on availability please contact email@example.com June 2020
Construction is well underway for A.F. Blakemore and Son Ltd temperature controlled 164,850 SQ FT unit. McLaren Construction are making fantastic progress on-site, site preparation and ground work are all but complete. Erection of steel frames expected to commence next week.17th June 2020
Equation Properties and Sheikh Holdings are pleased to announce another Pre-let at Bradbury Park. Unit 5A, which comprises a total of 20,085 SQ FT has been let on a 10 year term certain lease.
This brings the scheme to nearly 45% occupied, and with other units under offer, less than 50% of the scheme is available, with Practical Completion due in the next few weeks. This letting continues to underpin the occupier demand for industrial/logistics space even during these uncertain times.8th June 2020
Equation Properties and Prologis are thrilled to announce that the Liberty 196, comprising of 197,216 SQ FT, has now been let to James and James Fulfilment on a 10 year term certain lease. Given current cicumstances relating to the COVID-19 pandemic, it is encouraging to see that tenants are still active in the industrial and distribution sector and occupying space.
Liberty 196 is equipped with very high specification, and is prominently positioned on the entrance to the Brackmills Industrial Estate. It benefits from excellent communication links, with the A45 dual carriageway providing direct access to the M1 J15 and the A14 J13. We are pleased that we have let the largest unit currently sat in our portfolio, during these difficult times.22nd May 2020
Equation Properties are pleased to announce that Nick Redwood has assumed a new role within the company. Nick had been working at Equation Properties as a Consultant since 2015, he will now commence his new role as Development Executive on a full time basis. This is to support our core objective of meaningful growth in the Industrial and Distribution commercial development sector.
Nick has over 35 years’ experience as a specialist industrial & logistics developer in the commercial property market. He began his career at Chesterton agency, focusing on UK industrial and logistics as an associate for 12 years. Next, Nick moved onto Belgrave Land Ltd where he worked as a development director in small, private and multi-sector developments. In 2002, Nick joined Gazeley as a Development Director, during his time at Gazeley he climbed through the ranks to Managing Director UK, and lastly, Senior Vice President & Managing Director Europe & Americas. He later resigned in 2011.
More recently, Nick worked as a consultant to London Metric Property PLC for two years, then joined Equation Properties in 2015. He applies his broad knowledge of the sector to all of our schemes to ensure optimal solutions and delivery are achieved for each project.
Equation Properties and Sheikh Holdings are delighted to announce a Pre-let at Bradbury Park. The largest industrial unit on the estate, comprising of 62,000 SQ FT on a 10 year term certain lease. This brings the scheme to over 30% occupied and demonstrates that strong occupier demand continues even during these uncertain times. The unit will complete in September, following extensive fit-out works.
Bradbury Park will comprise of over 190,000 SQ FT of speculatively developed industrial units, the balance of which are due to complete next month. With strong tenant interest in the remaining units, we are looking forward to concluding the construction of this scheme.
In light of the recent developments relating to the COVID-19 pandemic, Equation Properties would like to update the market on the various measures we have taken to remain operational, and indeed on our ongoing activities. During these testing times we would like to reassure all stakeholders that we are still open for business and operating safely & efficiently.
We have three schemes currently under construction, being Proxima Park (Waterlooville), Bradbury Park (Braintree) and the AF Blakemore & Son Pre-Let (Bedford). Initially, construction halted on all three schemes as a result of the lockdown measures imposed. Following pro-active consultation with all parties construction has now resumed on all three sites. This has been made possible by contractors adhering strictly to new Government guidelines put in place for the construction industry, and their own measures to ensure the safety of their operatives. As a result, these schemes are all due to complete with minimum disruption/delay in a responsible and sustainable manner.
Although our office remains closed, as a team we have adjusted effectively to remote working, and remain fully functional in our day-to-day operation. We have several new projects in the immediate pipeline that we look forward to sharing with you in the near future, and we are still actively seeking new development opportunities.
The Equation Properties Team22nd April 2020
Equation Properties are delighted to announce that Coopers Fire have taken occupation of their 45,000 SQ FT pre-let industrial unit at Proxima Park. It is a great milestone for the scheme with Phase 1 completion following closely behind.17th March 2020
Planning approval was granted for A.F. Blakemore & Son Ltd's Pre-let temperature controlled 164,850 SQ FT unit on 27/01/20.
Construction expecting to commence on site in early April 2020.30th January 2020