Compass West

dohertybaines have let Unit 11 Compass West, London N17 to Polbake Ltd, who are moving from East London to take advantage of the good access to the City and West End, that Edmonton provides.

This was the final unit in the estate that remained vacant, and now dohertybaines have let 3 units in the past 6 months on the estate: Units 11, 12 and 14.

This success followed hard on the heels of a further two lettings in the area on the Mowlem Trading Estate in December 2010.

For further information, please contact Paul Londra.

UK Broadband Telecoms Sites

Those of you who used to have UK Broadband installations on your rooftops will be aware that they decommissioned virtually all of their sites last year. I have just heard from them that perceived demand for mobile broadband and government support for such initiatives has enabled them to get new financial backing. They are now planning a new rollout.

The numbers are around 200 in London initially, followed by Birmingham and nationwide. The equipment is being redesigned but probably will consist of a small equipment cabinet and a couple of panel antennas. This is all still at its early stages but I expect they will go back their former landlords and seek rights for new installations. You may be hearing from them again later this year and my colleagues and I will be happy to help if you wish.

John Woodhouse
jwoodhouse@dohertybaines.com

dohertybaines will be hosting events at MIPIM 2011

dohertybaines will be attending MIPIM this year from 8th to 11th March 2011 and will be hosting a series of events including lunches and dinners on board the MY Five Fishes. Investors, developers and corporate occupiers are all welcome. We will also be co- hosting a party with Citygrove, on 10th March. This years theme is “The Boat That Rocks” with live music by The Fabba Girls.

Please let us know if you are attending MIPIM this year and we will be delighted to arrange a time to meet.

Nigel Doherty
ndoherty@dohertybaines.com

Now Fully Let The Chase Centre, Chase Road, Park Royal, NW10 6QD

Acting on behalf of LaSalle Investment Management, dohertybaines are pleased to announce that following the letting of Unit 3 The Chase Centre is now fully occupied.

Radiocoms Systems Limited have taken a 10 year lease on the property which is 3,790 sq ft.

For further information, please contact Michael Haines.

Newcastle Upon Tyne

dohertybaines, acting for clients who hold a head leasehold interest in the property, agreed terms with the occupational tenants to remove a break option in return for 3 months rent free. It was further agreed that the rent free allowance would be spent on repairing the property, thus reducing both parties’ terminal dilapidation liabilities.

The removal of the break has resulted in a reduction in the clients holding costs by over £160,000.

Graham Pepper commented ‘We, at dohertybaines, explore all asset management opportunities within the portfolios we manage. We are aware of the importance of reducing our clients holding costs, particularly in the current economic climate.’

New letting in Wycombe

dohertybaines have successfully sublet Unit 4 Sunters End Sands Industrial Estate, High Wycombe to local occupier Origin Frames for the remainder of their clients lease, expiring in 2014. This is despite competition from other available premises nearby who were offering large incentives.

The 12,117 sq ft unit previously had an occupier but they had gone into administration and as a result, our clients had to seek a subtenant to reduce their liabilities.

Unfortunately the situation described above is becoming more and more common. However, occupiers in this scenario should still seek to look at all options - one of which may be to sublet/assign their interests to reduce their outgoings (and may now include business rates) and not just pay the rent without thought.

If you require any further information on the above, please contact Paul Londra at dohertybaines.

More lettings for Canmoor

3 more units let at Canmoor’s Vision Scheme in Park Royal:

Units 7 & 8 Vision, Kendal Avenue, Park Royal totaling 10,605 sq ft has been let to The Organic Pharmacy Ltd for a term of 10 years.

Melville Exhibition and Event Services Ltd have also taken Unit 9 Vision 5,935 sq ft on a 10 year lease.

For more information please contact Michael Haines.

Lettings and Sales for SEGRO

dohertybaines are pleased to announce the following lettings and sales for SEGRO:

At Fairway Drive in Greenford, Unit 2 has been let to Chesapeake Ltd.

At Metropolitan Park, Greenford, Unit 37 Halifax Road (4,054 sq ft) has been let to Sceptre Leisure Solutions Ltd on a 4 year lease.

Units G, H & J Metropolitan Park totaling 35,955 sq ft have also been let to H&M Hennes & Mauritz UK Ltd on a 5 year lease.

Ultra Electronics have also taken 18,677 sq ft at Unit 51 Metropolitan Park.

Acting on behalf of SEGRO the sale of 274/275 Abbeydale Road, Park Royal 60,170 sq ft has also completed.

For further information please contact Michael Haines.