The asset management programme at Babbage Road & Motorway Industrial Estate, Stevenage, which has resulted in setting new rental tones for the estate.  The refurbishment of a 20,000 sq ft unit led to a 15-year letting with East of England Ambulance Service.  Further refurbishment of the external cladding to all units enhanced the aesthetic appeal of the estate.

In addition, Caisson negotiated a rental uplift of 42.0% at rent review with another tenant (where the tenant was represented), which subsequently increased the value of the Babbage Road & Motorway Industrial Estate by 18.0%.

The estate was sold in April 2017.

Dan Maynard, Asset Manager, commented “Stevenage has seen significant growth in residential and commercial property values, and Motorway Industrial Estate has been a remarkable success story.  A key part of our asset management process is in-depth research and knowledge of the local market, which combined with the market evidence we had achieved made us confident we would set a new rental tone for units of this size in Stevenage.”

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Contact for enquiries

Lisa Allsup

Caisson Investment Management

0207 280 9600