property 41


Signs point to success


As we finally come out of recession the industrial property market seems to be one of the first sectors to reflect the positive sentiment which is circulating the economy. Coupled with changes in how goods are delivered to retailers and the public, and low interest rates, we are in for an interesting ride during the next few years


A sign of things to come is Glendining Signs' recent letting of 12,000 sq ft at Access 12, Theale. As an established local business whch has been supplying signs for over 30 years due to expansion plans, it required new larger, more modern premises. This transaction follows on from the recent letting to Profixed Interiors and a furniture storage business which were both keen to take advantage of the opportunity to locate their businesses within a mile of Junction 12 of the M4 motorway.


Roger Reid, associate at Haslams Chartered Surveyors who advise the landlord


Aberdeen Asset Management, commented: “These three latest deals demonstrate the continued appetite from local occupiers in a high-quality well-located product.“


Neil Seager, partner at Haslams, provides a market snapshot with a word of caution for industrial property occupiers: “These are certainly interesting times in the Thames Valley industrial property market. There is a shortage of industrial property across all size ranges particularly good quality stock. During the past six months demand has increased significantly which inevitably will result in rent and price increases.


If I


were a tenant thinking of moving in the next 18 months I would be looking now – if they don’t then they could find themselves having to fight for property. Access 12, a 47,000 sq ft development, is the first speculative industrial scheme in Reading for


over five years so the timing could be just about right.”


Access 12 comprises 16 units of between 1,119 sq ft and 13,129 sq ft. The specification includes: electrically operated loading doors, three phase electricity, 6m to 8m eaves height, double-glazed windows and generous yards.


Details: Roger Reid 0118-9211549 rogerreid@haslams.co.uk www.haslams.co.uk


LONDON TOO EXPENSIVE - PARK LIFE BECKONS? How the Thames Valley re-emerged as a field of opportunity for the UK property


sector to invest, develop and occupy.


Ascot Racecourse, Berkshire. Thurs, 11th Sept 2014. Full Day Conference including 5 Sessions, Pop Up Exhibition, Lunch and Information Bag. For information on costs, sponsorship, tickets and discounts to attend or to join the TV Property Club visit www.ukpropertyforums.com


THE BUSINESS MAGAZINE – THAMES VALLEY – SEPTEMBER 2014 www.businessmag.co.uk


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