A flurry of deals at Canning Town Business Park E16 05.06.14

The estate is now 60 % let in the first two months following practical completion, it is the first speculative scheme to be built in East London since the downturn and has attracted both national and local occupiers including Edmundson Electrical, Screwfix, CEF, Capita Services, Morson Human Resources and FDM. All the leases have been agreed on FRI terms, at quoting rents and for 10 -15 year certain terms. The LEVY industrial team acted for Goya Developments to purchase the site and advised on the development specification and are the letting agents. Upon practical completion, Essex County Council c/o Aviva Investors completed on the purchase of the estate, LEVY acted on behalf of Aviva to secure the forward commitment. The scheme is 115,000 sq ft in 12 units and has a GDV of circa £21.5 m. Jeremy Grundy says, “We are delighted that this speculative scheme has attracted a quality line up of tenants and at rents in some cases higher than quoting, the scheme is in a great location opposite Star Lane DLR and close to Canary Wharf and Central London.”

There are three units remaining and for further information please call Will Hutchinson or Jeremy Grundy.