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| news


INVESTORS ARE KEEN TO PLAY THEIR PART IN THE REGION’S SUCCESS D


emand for good quality industrial units in Buckinghamshire has fuelled interest from investors that are keen to play their part in the growing success of the area, says commercial property group Kirkby Diamond.


And Luke Tillison, head of industrial, said a return of speculative development is a key indicator of the confidence in the market.


A second industrial unit at Velocity, the design and build scheme in Knowlhill, is attracting significant enquiries from would- be occupiers that are seeking to relocate or expand in Milton Keynes.


The unit, construction of which is shortly due to begin, will provide a further 22,538 sq.ft of industrial space. Adjacent is a 25,000 sq.ft building that has already been snapped up by a well-known local occupier. Luke, one of the appointed agents, said


interest in Velocity, the letting of the adjacent unit, plus over half of Chancerygate’s speculative built multi-let scheme now being let, demonstrates the vibrancy of the market in the area.


Investors have responded to demand for units built to a high specification, which is great news for Milton Keynes and the surrounding area...


Velocity


The Chancerygate development, which comprises high-quality units ranging from 2,000 sq.ft to 10,000 sq.ft, will be ready for occupation this month (March 2018). Developed following the success of phase


Chancerygate


1, which attracted national occupiers such as Screwfix and Mr Clutch.


“Investors have responded to demand for units built to a high specification, which is great news for Milton Keynes and the surrounding area,” said Luke, who is also marketing agent at Chancerygate with Louch Shacklock.


“Having the confidence to undertake a speculative development is a real boost for the whole area and it will go a long way in easing the shortage of high-quality industrial accommodation in the region.” For more information contact Luke Tillison on 01908 558744 or email luke.tillison@kirkbydiamond.co.uk


HEMEL HEMPSTEAD RANKS IN TOP 10 EUROPEAN CITIES AND REGIONS OF THE FUTURE T


he Hemel Hempstead Business Ambassadors are celebrating being awarded 6th place in Small Cities for Connectivity and 7th place in Small Cities for Business Friendliness, out of the most promising investment locations in Europe 2018/19, by fDi Magazine, a publication from the Financial Times. fDi’s European Cities and Regions of


the Future 2018/19 ranking seeks to find the most promising cities and regions across the whole of Europe and not just those within the EU. The fDi Magazine categorised a Small City as one with an immediate city population of between 100,000 and 350,000. To create a shortlist for fDi European Cities and Regions of the Future 2018/19, the fDi Intelligence division of the Financial Times collected data using the specialist online FDi tools – fDi Benchmark and fDi Markets as well as other sources. Data was collected for 489 locations, made up of 301 cities, 150 regions and 38 LEPs, and cities categorized for: Economic Potential, Human Capital and Lifestyle, Cost Effectiveness, Connectivity and Business Friendliness.


fDi Magazine is a specialist 22


publication which reports on cross-border investment and is read by senior-level executives at multinational corporations and others involved in corporate greenfield site-selection decisions. A bi- monthly publication, fDi Magazine is part of the fDi Intelligence division of the Financial Times. Ideally located adjacent to junction 8 of the M1and junction 20 of the M25, providing direct access to the motorway network, Hemel Hempstead is home to over 7,000 businesses with over 83,000 people employed.


The aim of the Hemel Hempstead Business Ambassadors is to promote Hemel Hempstead and the surrounding areas, strengthen the reputation of the area as the prime choice for business, attract key people to work and live in the area, create new jobs, attract top talent and persuade investors and developers to see the area as the perfect place to invest.


Among the high-profile companies based in Hemel Hempstead that are Business Ambassadors are companies including Amazon, Sopra Steria, Epson, Henkel, Bourne Leisure, Brasier Freeth, Martin Brower, Hightown Housing


COMMERCIAL PROPERTY MONTHLY 2018


Association, Barclays, RBS, Gyron, Prologis and McDonalds to name just a few.


Gary Stringer, Place Manager for the Hemel Hempstead Business Ambassadors commented, “this is such a fantastic result, both for Hemel Hempstead and the wider borough of Dacorum. “It helps reinforce the core messages of the Ambassadors who are here to champion the area as a place you can do business. It’s rewarding to receive such an accolade as we work to encourage inward investment, working with Dacorum Borough Council to strengthen the local economy and help to make Dacorum a better place to live, work and enjoy.” For further information, visit


www.investhemel.co.uk or contact Gary Stringer, Ambassador Place Manager, on tel: 01442 228808.


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