A business park at East Midlands Airport is now full after the agents marketing the scheme secured a flurry of new lettings.
The business park, known as the Air Cargo Centre, is situated next to the Castle Donington airport, which is one of the busiest freight airports in the country.
The estate, which comprises 20 units offering a total of 150,000 sq ft of space, was bought by M7 Real Estate on behalf of investors almost a year ago.
At the time, the Air Cargo Centre was two-thirds full. However, following an extensive marketing campaign by joint agents FHP Property Consultants and Commercial Property Partners (CPP), full occupancy has been achieved.
The latest firms to take space were HGV Direct, which took 5,500 sq ft, Norsk Global (14,000 sq ft) and DHL (5,900 sq ft).
Tim Richardson, from FHP Property Consultants, said: “Following the acquisition of the estate by M7 Real Estate, the marketing was relaunched and both FHP and CPP had a good level of enquiries from high quality companies.
“In fact, we still have requirements for the Air Cargo Centre, which we have not been able to satisfy there.
“The calibre of these companies highlights the benefits of this location and the standard of units on offer.”
Stuart Waite, from CPP, said: “We’re delighted to reach full occupancy at Air Cargo Centre, following a busy few months of letting activity, demonstrating resilient levels of demand for good quality, well-positioned warehouse facilities in the region.
“We’ve managed to attract some fantastic occupiers to the estate, driven largely by its position at the centre of the region on the East Midlands Airport campus, just a stone’s throw from the M1.”
James Chasen, asset manager at M7 Real Estate, said: “We’re very pleased to have been able to acquire this estate, drive the rents and achieve full occupancy on behalf of our investors within a relatively short period.”
