Speculatively developed trade park fully let

A six-acre development within an Exeter trading estate has reached practical completion and is fully let.

Paloma Capital and Graftongate’s Exeter Trade Park, a scheme within the Marsh Barton Trading Estate, is now fully occupied following a run of lettings

The site, during the last three years, has been transformed with the inclusion of two new trade counter units, a 25,000 sq ft distribution facility, a 35,000 sq ft builders’ merchants and the refurbishment of an existing 20,000 sq ft warehouse.

The site had an initial master plan for a terrace of trade counter units at the front of the scheme. It was quickly pre-let in its entirety by Selco Builders Warehouse.

Significant trade interest led to the development of two further trade counter units of 3,500 sq ft and 3,800 sq ft. These were quickly taken up by Headlam Group and GAP.

Alliance Automotive secured a letting on the new 25,000 sq ft distribution unit at the rear of the development. The existing refurbished unit was occupied by Easy Bathrooms, with both deals exchanging in quick succession.

Tom Watkins, from Colliers’ Industrial & Logistics team, said: “From the outset, there’s been a lot of occupier interest in Exeter Trade Park, particularly from occupiers that did not have an existing facility within the city but had a strategic need for representation in this location.

“The development and refurbishment of high specification units has been crucial in securing consistently new headline rents for Exeter throughout the lettings processes.”

Exeter Trade Park was jointly marketed by Colliers and Alder King.