News

Canmoor has completed two lease renewals with a global logistics provider, DHL, on Units 1 & 2 at Brackmills (280,000 & 120,000 sq ft, respectively). The renewal on Unit 1 represented an increase in the passing rent of over 40% and the deal on Unit 2 secured a 10-year term certain to the blue-chip covenant.

Canmoor has completed a further two lettings at Windrush Park, Witney, totalling 17,000 sq. ft. Oper8 and Hiab have both signed leases resulting in the Gateway Scheme now being 91% let! Only two units remain, both 3,000 sq ft

Canmoor has secured planning for a 153,700 sq ft industrial/warehouse building in Fradley Park. Fradley155 will be speculatively built, A&H is now instructed, and practical completion is due in May 2025.

Unit 8 (8,591 sq ft) – Equine Products have renewed their lease for a further 5 years at a rent of £8.55 psf – a new benchmark for the estate.

Canmoor has completed a new letting at Unit 18 on Wilstead Industrial Park, Bedford. Lease completed 4 weeks after terms were initially agreed. Canmoor was able to surrender the existing lease and lease the premises on new full market terms. There were no arrears, no void, and no associated void or refurbishment costs.

Urban 8’s construction progress continues with haste! All steels are now up on the eight units, 399,000 sq ft speculative urban logistics warehouse scheme in Kings Norton, southwest Birmingham. External areas are being laid and the internal finishes are starting to take shape at units 5 and 8. The scheme is due to be completed in December 2024

Canmoor has completed the acquisition of an extremely prominent site (0.62 acres) on Elevator Road, Trafford Park, for £1m. The site comprises two buildings, Canmoor’s office (1,250 sq ft) and an industrial unit leased to Special Flange Services Limited (8,790 sq ft).

Canmoor are pleased to welcome Roxane UK Limited to Fradley Park. The occupier has taken a lease on 55,000 sq ft, resulting in 100% occupancy on the estate.

Westway Cooperage is doubling the size of it’s premises at Canmoor’s Westway, Glasgow Airport! Expanding into units 7A and 7B, this is an additional 5,300 sq ft, with overall floorspace increasing to 9,400 sq ft. A new 10-year lease has been agreed.

Reflex Limited takes 13,000 sq ft of the newly refurbished space at Unit A1, Worton Grange. The technology solution specilaists have acquired a 10 year lease.

LT Foods has acquired the Midas building, a spacious 89,442 sq ft on a fresh 15-year lease. This acquisition marks the completion of the scheme’s occupancy, showcasing LT Foods’ savvy in securing prime real estate.

Completing the strategic sale of a fully-occupied 70,000 sq ft estate at Treforest, Canmoor secures top tenants NHS and Greggs Plc. With over 6 years’ WAULT and a recent refurbishment for Greggs, the sale meets book value and yields a positive investor return.

Echion energizes expansion at Accelerator Park, charging into a whopping 10,429 sq ft across units 9-13. Canmoor is amped to witness their high-capacity growth, as the park transforms into a dynamic hub for tech titans and life science pioneers.

Renowned local cafe and bakery Small T take a 3-year lease at Unit 5 (1,625 sq ft). The occupier will provide a valuable amenity offering for the wider park while operating the wholesale arm of their business out of Unit 5.

With Seymour Taylor acquiring 6,784 sq ft and Lifebuild securing 2,000 sq ft, 40 Oxford Road now stands 80% let. Just 10,000 sq ft remains available in this central office hub, already home to notable names in banking, legal and accountancy. This prominent location is fast becoming the go-to destination for professional services in the town center.

Canmoor has secured Ideal Boilers Ltd on 16,000 sq ft in Dunstable. The occupier has signed a 10 year lease leaving the development now 83% let. This transaction swiftly followed a further 10,000 sq ft being taken by Pure Audio Visual Limited on another 10 year lease.

Ocea Limited has committed to Unit 6 Gateway, totalling 6,120 sq ft The occupier has signed a 10 year lease which now leaves the development at 50% let. Hurry, they are going fast!

PSV Glass completes 10 year lease at Unit 5 More + (20,921 sq ft).

Salvation Army completes 10-year lease at Unit 3A Crossfire 14 (25,192 sq ft) in Kettering. Crossfire 14 is now fully let.

We have recently completed the development of 11 new Hi-tech & innovation units, totalling 120,000 sq ft. Units are letting fast with 40% of these pre-leased. Located within the Oxford Life Sciences Cluster, these units are suitable for a variety of uses and come with excellent sustainability credentials. For further information on available space on the Park, please contact us.

Canmoor has recently settled a rent review at our 473,000 sq ft logistics facility in Stafford. The deal significantly rebases the passing rent and delivered a strong return for our JV partner.