First Letting at Knowlhill Business Park Milton Keynes

Rankin House

Louch Shacklock and Partners has completed the first letting at the Knowlhill Business Park development on behalf of the owner Business Parcs.

Brand consultancy Eye Level Solutions Ltd have opened their UK headquarters office at Rankin House, leasing brand new prime ground floor premises of 2,078 sq ft (193 m2). Rankin House is the first phase of an exciting 80,000 sq ft business park development at the Knowlhill site, located approximately 1 mile West of Central Milton Keynes.

Jonathan Whittle of Louch Shacklock commented: “Rankin House is a superb quality office development and it is no surprise to me that Eye Level Solutions chose it for their UK facility, to supplement their offices in Prague, New York, Moscow, Melbourne and Hong Kong.”

Wendy Elder of Business Parcs added: “We are very pleased to welcome Eye Level to our Knowlhill development and we look forward to further success in attracting more businesses seeking centrally located high quality office premises.”

Louch Shacklock has further office space available within Rankin House from 782-5,422 sq ft (73m2 – 504 m2).
For further information or enquiries please contact:

Jonathan Whittle at Louch Shacklock and Partners LLP

Milton Keynes Distribution Centre Development for DSV Solutions

Advised by Louch Shacklock and Partners, the UK division of DSV Solutions has entered into a contractual commitment to purchase a new 100,300 sq ft distribution centre at Haldens Parkway, Thrapston, Northamptonshire.

The scheme, known as the A1/M1 Link, will be undertaken by Holden Properties and Curtis Real Estate to provide DSV with a freehold turnkey development.

Landowner and contractor Holden Properties, with Curtis Real Estate, the property business of former ProLogis UK managing director Alan Curtis, recently secured planning consent and have now exchanged on a 29-week build contract to provide the new facility in June 2013.

David Louch of Louch Shacklock and Partners comments: “New development of this nature demonstrates the increasing level of confidence in the UK economy and the ability of developers to bring forward appropriately priced well located schemes to meet occupiers’ specific requirements.”

DSV is a global supplier of transport and logistics solutions with offices in more than 70 countries, approx. 22,000 employees worldwide and an international network of partners and agents. The company is listed on the Danish stock exchange with annual revenues of 6 billion euro for 2011.

The Link Thrapston Aerial View

The A1/M1 Link, Thrapston CGI

Rapid Letting Achieved at Linford Wood Offices

Linford Wood

Louch Shacklock and Partners has completed a letting at Linford Wood Business Centre within a month of being instructed by the estate’s new owners Prospect Estates.

Social media software experts Klood Digital have relocated to first floor office premises of 4,305 sq ft (400 m2) within Carina House, one of the five buildings totalling 118,000 sq ft at Linford Wood Business Centre, located approximately 1.5 miles North of Central Milton Keynes.

Tim Whittaker of Prospect Estates commented: “We are delighted to have achieved success so soon after purchasing the Linford Wood estate, our first property investment in Milton Keynes. Louch Shacklock was extremely proactive in identifying the right tenant at the right time and we were able to agree terms and complete the letting with minimal fuss.”

Jonathan Whittle of Louch Shacklock added: “It’s been a pleasure working with Prospect Estates so far and we look forward to further success at Linford Wood this year.”

Klood Digital is a local company operating in the leading-edge social media sector and is relocating from smaller premises elsewhere in Milton Keynes.

Louch Shacklock has further office space available at Linford Wood Business Centre from 1,000-22,000 sq ft (93 m2 – 2,044 m2).

For further information or enquiries please contact:

Jonathan Whittle at Louch Shacklock and Partners LLP

Investment Sale Completed

Carters Yard Aerial View

Louch Shacklock and Partners LLP are proud to announce the investment sale of 24 business units at Carters Yard, Kiln Farm, Milton Keynes.

Acting on behalf of Kindale LLP, a sale of the investment was secured within 3 months of commencement of marketing at a price close to the quoting of £2,350,000. Graham Young, partner at Louch Shacklock commented, “ this transaction is proof the Milton Keynes commercial property market continues to outperform other regional centres in respect of price achieved and quick turnaround.”

The success of Carters Yard is also attributable to the proactive management by Kindale LLP who themselves purchased the scheme only 18 months ago where void levels were in excess of 35% and the prospects for re-letting were slim. With the adoption of an aggressive refurbishment programme of vacant units and flexible approach to lettings together with the re-gearing of existing tenancies, both the Landlord and their agents were able to secure 14 new leases and achieve a near 100% occupancy prior to the sale.

Louch Shacklock have subsequently been appointed as sole letting agents by the new owners , UK Property Central Fund. For further information on availability at Carters Yard or if you require any professional advice regarding investments in Milton Keynes or nationally please contact our team.

Over 1,000,000 sq ft of Milton Keynes Office Space Transacted in First 6 Months

Louch Shacklock and Partners have hit the ground running and have completed transactions totalling over one million square feet in the first six months of trading confirming our position as one of the most active regional agencies in the country.

Amongst the deals undertaken are:

• Acquisition of Hydro, Magna Park, Lutterworth (422,784 sq ft) for Formal Investments

• Acquisition of Midway, Minworth, Birmingham (105,751 sq ft) for DSV Solutions

• Sale of former FCC premises, Knowlhill, Milton Keynes (41,786 sq ft) to New Crest Estates

• Letting of Phoenix House offices, Central Milton Keynes (20,249 sq ft) to Airwatch UK

• Acquisition of Max Park 2, Corby (212,500 sq ft) for Norbert Dentressangle Logistics

• Acquisition of Oakwood Court, Sherwood park, Nottingham (13,041 sq ft) for Yusen Logistics

David Louch of Louch Shacklock and Partner comments: “With strength in the Milton Keynes marketplace and UK wide coverage for corporate clients we have reacted quickly to emerging market opportunities to produce effective results for our clients. Whilst in some sectors the economic climate continues to be challenging, there are clear signs of recovery in others, notably for industrial/logistics occupiers where there is an increasing shortage of better quality buildings in the best locations.

There are good prospects for continued progress in the level of transactions as we enter in 2013 and emerging opportunities for new development.”

Hydro Aerial