Picton, the income focused property investment company, has fully let Heron Industrial Estate, south Reading. ATM Cashpoint Spares, a leading supplier of cashpoint parts in the UK, has taken a newly refurbished 6,282 sq ft unit and Baltec UK, a worldwide leader in the manufacturing of riveting machines, has taken a 5,942 sq ft unit to house its relocated UK facilities.
Heron Industrial Estate is an established industrial development comprising eight warehouses located in the Spencers Wood area, just below the M4 to the south of Reading.
Tim Hamlin, Asset Manager at Picton Capital, commented: “This is a great result for both the asset and the local area, particularly as it follows the letting last year of an 8,168 sq ft unit to Belmont Fabrications. We took the decision to refurbish some of the units last year based on the strength of the local occupier market and the quality of space tenants were looking for.”
Eilidh McAllister, Haslams commented “These recent lettings mean Heron Industrial Estate is now a fully let industrial estate which is rare and justifies Picton’s decision to speculatively refurbish the units.”
Haslams Chartered Surveyors and Lambert Smith Hampton advised the landlord Picton.
Added by
Neil Seager
BSc (Hons) MRICS