Occupancy rates at one of Swindon's principle employment locations are at their highest for several years, following a flurry of activity.
Acting on behalf of Petchey Holdings, property consultants Alder King and Loveday have concluded four transactions at the group’s Ash and Birch Industrial Estate – part of Kembrey Park.
The lettings to two new and two existing occupiers leave just four units of immediately available space, the lowest level on the 42 unit 160,000 sq ft estate for several years.
New occupiers include Golf Tech Ltd, trading as Powertee, which has taken the 7,076 sq ft Unit 11 Birch, and NewJax Drainage & Property Maintenance which has agreed terms on the 1,150 sq ft Unit 11 Ash.
Golf Tech and NewJax are relocating from South Marston and Cheney Manor Industrial Estates respectively to facilitate continued expansion.
Meanwhile, existing occupier Dencomp Compressors, which supplies air compressors to the dental, medical and laboratory market, recently relocated from Unit 11 to the larger 1,500 sq ft Unit 18b while Snape Construction, previously based in Unit 10 Ash, has expanded into 2,300 sq ft in Unit 1.
Two further units are also currently under offer.
James Gregory, partner at Alder King, said: "Our client has taken a very hands-on approach to the management of the estate to optimise value and rental revenue which has paid off handsomely.
“The estate is now at its highest level of occupation for many years which is testament to the strength of the estate and demand in the market for quality accommodation.”
Ash and Birch is a modern multi-let industrial estate of 42 units arranged over several terraces totalling circa 160,000 sq ft.
It is located just off the Great Western Way dual carriageway, with good access to the M4 and is situated within a larger industrial area.