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box  Sale and Lease agreement at City Park Industrial Estate
Bankhead Estates LLP has secured a significant double deal with the completion of a sale and lease agreement at City Park Industrial Estate, Glasgow, reports Jones Lang LaSalle.

A Cambuslang based manufacturer has taken two units at the site tot alling over 15,000 sq ft.

Unit 4, 10,000 sq ft, has been purchased for £620,000 and unit 5, 5,000 sq ft, has been let on a five year lease basi s at a rental of £7 per sq ft.

Bankhead Estates Director Angus Hamilton said part of the success was their ability to offer flexible and incentivised deals which work for both parties: "With few estates in Glasgow as well located as City Park, we continue to have strong interest and it is only a matter of time befor e the remaining units go."

Andrew McCracken of Jones Lang LaSalle said: "This is fantastic news for the estate, and proves there are still enquiries out there and deals to be done. With strong interest in the remaining units and w ith the flexibility we can offer, we are hopeful of a successful beginning in 2009."

This is the developer's fifth deal of the year at the estate - now only three units remain for sale or to let. Tenants at the site include the Verve Group, Continental Food and Wine and Morrison.

Jones Lang LaSalle and Ki ng Sturge act on behalf of Bankhead Estates.
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box  March 2010
Glasgow, City Park Industrial Estate, Unit 3, 3000 sq ft sold to Dalmarnock MOT

box  February 2010
Calton Road parking. All nine spaces leased to Virgin Money.

box  December 2009
Edinburgh, Venue Studios, Level 3, 2850 sq ft leased to Virgin Money. Venue studios now fully let.

box  August 2009
Edinburgh, 13A Abercromby Place, office space leased to Lynchpin Analytics Limited.

box  July 2009
Glasgow, City PArk Industrial Estate, Unit 6, 5000 sq ft, leased to APPS Outdoor Media.

Fort William, after sale of Birthdays from administration, agreement that 'new co' wishes to trade from Fort William store at same rental levels;

box  June 2009
Edinburgh, 3A Dublin Meuse, first floor leased to Mike Coulter, Social Media Consultancy.

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Wednesday 8th of September 2010 01:59:03 AM
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