Standard Life have completed the purchase of Trade City, Bracknell from Kier. The prominent estate, which comprises 12 warehouse and industrial units across 59,381 sq ft, was purchased with the benefit of eight pre-lets.
Trade City is located on Western Road, in the centre of the Bracknell’s commercial district. The scheme was pre-let to Edmundson Electrical, ATS Euromaster, The Colour Centre, Al Murad Tiles and UK Power Reserve.
Neil Seager, partner at Haslams who advised Standard Life on the purchase and remains as one of the joint letting agents commented “Trade occupiers continue to seek out prominent units and are no longer content to lease an industrial unit tucked at the back of an industrial estate. Trade City Bracknell is such a scheme, being a highly prominent quality Trade Park. Its attractiveness to occupiers is demonstrated by the number of units that were pre-let to trade occupiers. These anchor tenants will enhance our chances of securing lettings on the remaining 4 units for our client Standard Life.”
Four units remain available to let at rents of £12.50 psf to £14 psf
BSc (Hons) MRICS