News

Canmoor has completed two lease renewals with a global logistics provider, DHL, on Units 1 & 2 at Brackmills (280,000 & 120,000 sq ft, respectively). The renewal on Unit 1 represented an increase in the passing rent of over 40% and the deal on Unit 2 secured a 10-year term certain to the blue-chip covenant.

Canmoor has completed a further two lettings at Windrush Park, Witney, totalling 17,000 sq. ft. Oper8 and Hiab have both signed leases resulting in the Gateway Scheme now being 91% let! Only two units remain, both 3,000 sq ft

Canmoor has secured planning for a 153,700 sq ft industrial/warehouse building in Fradley Park. Fradley155 will be speculatively built, A&H is now instructed, and practical completion is due in May 2025.

Unit 8 (8,591 sq ft) – Equine Products have renewed their lease for a further 5 years at a rent of £8.55 psf – a new benchmark for the estate.

Canmoor has completed a new letting at Unit 18 on Wilstead Industrial Park, Bedford. Lease completed 4 weeks after terms were initially agreed. Canmoor was able to surrender the existing lease and lease the premises on new full market terms. There were no arrears, no void, and no associated void or refurbishment costs.

Urban 8’s construction progress continues with haste! All steels are now up on the eight units, 399,000 sq ft speculative urban logistics warehouse scheme in Kings Norton, southwest Birmingham. External areas are being laid and the internal finishes are starting to take shape at units 5 and 8. The scheme is due to be completed in December 2024

Canmoor has completed the acquisition of an extremely prominent site (0.62 acres) on Elevator Road, Trafford Park, for £1m. The site comprises two buildings, Canmoor’s office (1,250 sq ft) and an industrial unit leased to Special Flange Services Limited (8,790 sq ft).

Canmoor are pleased to welcome Roxane UK Limited to Fradley Park. The occupier has taken a lease on 55,000 sq ft, resulting in 100% occupancy on the estate.

Westway Cooperage is doubling the size of it’s premises at Canmoor’s Westway, Glasgow Airport! Expanding into units 7A and 7B, this is an additional 5,300 sq ft, with overall floorspace increasing to 9,400 sq ft. A new 10-year lease has been agreed.

Reflex Limited takes 13,000 sq ft of the newly refurbished space at Unit A1, Worton Grange. The technology solution specilaists have acquired a 10 year lease.

LT Foods has acquired the Midas building, a spacious 89,442 sq ft on a fresh 15-year lease. This acquisition marks the completion of the scheme’s occupancy, showcasing LT Foods’ savvy in securing prime real estate.

Completing the strategic sale of a fully-occupied 70,000 sq ft estate at Treforest, Canmoor secures top tenants NHS and Greggs Plc. With over 6 years’ WAULT and a recent refurbishment for Greggs, the sale meets book value and yields a positive investor return.

Echion energizes expansion at Accelerator Park, charging into a whopping 10,429 sq ft across units 9-13. Canmoor is amped to witness their high-capacity growth, as the park transforms into a dynamic hub for tech titans and life science pioneers.

Renowned local cafe and bakery Small T take a 3-year lease at Unit 5 (1,625 sq ft). The occupier will provide a valuable amenity offering for the wider park while operating the wholesale arm of their business out of Unit 5.

With Seymour Taylor acquiring 6,784 sq ft and Lifebuild securing 2,000 sq ft, 40 Oxford Road now stands 80% let. Just 10,000 sq ft remains available in this central office hub, already home to notable names in banking, legal and accountancy. This prominent location is fast becoming the go-to destination for professional services in the town center.

Canmoor has secured Ideal Boilers Ltd on 16,000 sq ft in Dunstable. The occupier has signed a 10 year lease leaving the development now 83% let. This transaction swiftly followed a further 10,000 sq ft being taken by Pure Audio Visual Limited on another 10 year lease.

Ocea Limited has committed to Unit 6 Gateway, totalling 6,120 sq ft The occupier has signed a 10 year lease which now leaves the development at 50% let. Hurry, they are going fast!

PSV Glass completes 10 year lease at Unit 5 More + (20,921 sq ft).

Salvation Army completes 10-year lease at Unit 3A Crossfire 14 (25,192 sq ft) in Kettering. Crossfire 14 is now fully let.

We have recently completed the development of 11 new Hi-tech & innovation units, totalling 120,000 sq ft. Units are letting fast with 40% of these pre-leased. Located within the Oxford Life Sciences Cluster, these units are suitable for a variety of uses and come with excellent sustainability credentials. For further information on available space on the Park, please contact us.

Canmoor has recently settled a rent review at our 473,000 sq ft logistics facility in Stafford. The deal significantly rebases the passing rent and delivered a strong return for our JV partner.

Tesla has acquired 70,000 sq ft at Mammoth Drive meaning the scheme is now fully let shortly after practical completion.

HS Pensions/Link Group has completed a lease on the 11th floor at 20 Chapel Street, Liverpool of 7,825 sq ft @ £22.50psf.

Works have commenced on a 300,000 sq ft speculative development at Westway. The construction process for the two units will take between twelve and fifteen months.

Link Group, global leaders in financial administration, has taken a lease of 7,835 sq ft within 20 Chapel Street for its Retirement Solutions business – the largest letting within Liverpool City Centre in 2023.

The development consists of two units, Unit 1 totalling 42,800 sq ft let to M Markovitz Ltd and unit 2, a 70,800 sq ft unit now under offer.

The scheme comprises of two units, Unit 1 totalling 89,663 sq ft, which was pre-let, and Unit 2 totalling 88,284 sq ft built speculatively.

Frankley Industrial Estate is fully let once again! This comes after welcoming Base Materials Group to Unit 7 (9,835 sq ft) that has taken a new 10 year lease.

Following Practical Completion of Apollo I and II in January, Apollo II has now been let to Staircraft, part of the Travis Perkins Group. Staircraft will relocate its manufacturing HQ into the state of the art 170,000 sq ft building.

Planning submitted for a 154,000 sq ft new industrial / warehouse building. The building will be built to Bream Excellent and will have an EPC rating of A.

70,000 sq ft in two buildings forming the final phase of development at Precision Park, Leamington Spa, has achieved Practical Completion. The two new buildings are constructed to the latest environmental standards and are available to let.

Following practical completion of Unit 8 totalling 180,000 sq ft for battery distributor GS Yuasa and the letting of speculatively constructed Unit 5 to ACI Express (25,000 sq ft), Ignition, Swindon is fully let.

20 acres of land have been acquired for a speculative development in Haydock totalling 280,000 sq ft. Planning has been submitted and a decision is due during the summer with the expectation of a start on site before the end of the year.

Canmoor has started construction at a site depicted in LS Lowry’s iconic painting “Going to Work” in 1943. The 25-acre site located inside the Manchester ring-road has detailed planning consent for 460,500 sq ft of prime “last mile” industrial space. A&H construction has been appointed to speculatively deliver 10 units ranging from 5,400 sq ft to 47,800 sq ft over a 12-month programme, for completion in Summer 2024. The remaining units on the site, Unit 4 (153,000 sq ft) and Unit 5 (123,600 sq ft), are also deliverable in 2024 and available on a pre-let basis.

Planning consent has been granted for two new industrial units totalling almost 300,000 sq ft at Westway, Glasgow Airport. Construction will begin before the end of July 2023 with a target EPC rating of ‘A’ and BREEAM Excellent accreditation with completion due in Q4 2024.

Canmoor has recently completed the Lease with Motor Fuel Ltd, who are taking the 11,000 sq ft 3rd floor at 10 Bricket Road on a 10 year lease at a new rental high for Northern M25 of £42.50psf. This follows shortly after the autumn letting to St. James’s Place of 4,626 sq ft on the 2nd floor, meaning that the building is now 85% let with only another 4,868 sq ft on the 2nd floor remaining, having achieved PC on April 2022. Bray Fox Smith and Knight Frank are joint leasing agents.

We are pleased to announce the sale of Impact Park, a Prime, fully let urban logistics park to Cadogan Income Properties. The 6-unit high-specification scheme totals 276,880 sq ft GIA and is located approximately 3 miles north of Walsall and 10 miles north west of Birmingham City Centre.

Canmoor and Goldman Sachs are pleased to confirm that they have agreed to let Connect 6, a prime 544,000 sq ft distribution facility, to the listed online bathroom retailer Victorian Plumbing on a 20 year lease. The building is currently under construction and is due to complete in Q3 2023.

Canmoor has agreed a rent review at Unit 6, Oxford Pioneer Park (21,978 sq ft) with the existing tenant. The deal compliments and strengthens the existing rental tone at the Park set by several recent rent reviews and will assist future discussions on renewals, re-gears and rent reviews.

Smurfit Kappa, the FTSE 100 global packaging business, has committed long-term to their manufacturing facility at Windrush Park, as well as taking 20,000 sq ft of expansion space on our development scheme next door. We are delighted that they have signed a long-term agreement with Smurfit Kappa, at a time when we have committed to an extensive investment programme to reinvigorate the Park and ensure it is a hub for innovation and high-tech.

Canmoor is now Carbon Neutral thanks to the help of Climax Community and the United Nations Carbon Offset Platform. In 2021, Canmoor’s carbon footprint was already 97% lower than the average business and we have continued uphold and improve upon this. Most recently, through supporting the Yunnan Lincang Zhenai Hydropower Project, we have contributed to the social well-being, economic prosperity, environmental well-being, and technological aspects of life in the Yunnan Province.

Canmoor has reached a review agreement at Unit 7-8, Oxford Pioneer Park (25,714 sq ft) with the existing tenant. The deal significantly re-benchmarks the headline rental tone at Pioneer Park and will assist future discussions on renewals, re-gears and rent reviews.

Canmoor and Aimco are delighted to welcome local occupier Woodside Logistics to Voyager Park, Portsmouth. Woodside Logistics has taken 30,494 sq ft of open storage on a new 12-month lease at Plot 3D, Voyager Park to assist it with its ongoing spatial requirements. For more information on Voyager Park, including availability, please contact us.

Canmoor has completed a new lease to O&S Doors Ltd which is now occupying Units 3A&B (23,570 sq ft). O&S has committed their future to Castlehill Industrial Estate by signing a fixed 10 year lease.

Canmoor is pleased to confirm that Parkwood Industrial Estate in Sheffield is fully let once again, with a new 5 year lease to NE Electrical Wholesalers Ltd of unit 31, Oakham Drive (4,004 sq ft).

Pleased to say Canmoor has finally signed an AFL with St.James’s Place Wealth Management on part 2nd floor at 10 Bricket Road. Approximately 5,000 sq ft at a new North M25 record Headline Rent on a 10-year lease.

For the first time since acquisition, Monkspath is now fully let. Over the last couple of months there has been a flurry of success with 4 new lettings totalling 40,000 sq ft The most recent letting was to Norton Motorcycles which is now occupying Unit 22 (7,822 sq ft). Norton took a 5-year lease.

New letting completed at Alpha 167 in Warrington to Sykes Seafood has will take occupation of the new build unit which totals 168,000 sq ft Sykes have signed a long-term lease to take the building as their new HQ.

6 x units totalling 384,729 sq ft practically competed end of September. Canmoor welcomes 40+ agents to the site. Unit 3 Pre-Let to Huboo Technology Limited completes. 63,000 sq ft 15 years. Huboo taking their second unit on the scheme.

Canmoor welcomes Aark Display Limited to units B&C Phase 2, The Whittle Estate, for a 10-year term.

Canmoor is delighted to welcome Abingdon Storage to the recently refurbished Unit 8-10 at Eyston Way, which totals 17,126 sq ft (GIA). Abingdon Storage has taken a new 10-year lease, meaning the estate fully let once again.

Exciting plans are underway to breathe new life into Oxford Pioneer Park and develop a vibrant campus which is strategically located in the heard of Oxford’s Innovation Cluster. Refurbishment works are underway to rebrand the Park, improve the landscaping & habitat and on-site amenities. Our focus is to deliver a high-quality work environment for our occupiers. Please contact us for further information.

We place an important emphasis on the ‘Social’ of ESG at Windrush Park. Based on site, we are delighted to support our local community bus service, the local radio station, our excellent coffee shop (UE Coffee) plus new yoga classes coming soon. For further information on available space on the Park, please contact us.

Canmoor and Legal & General are delighted to welcome Cadent Gas Limited to Unit 1, the last available unit at Radial Park. Cadent Gas has taken 26,963 sq ft on a 20-year term.

Bullet Express has taken a 67,000 sq ft distribution warehouse at Unit E3 Westway, Glasgow, on a 5 year lease.

The world is arguably a very different place to the one that staged the previous Forsters Cricket Event and in this new tumultuous context it’s reassuring to know that some things never change – a Canmoor win on the day.

Q Catering has leased an extra unit at Unit 4, Eurolink, Sittingbourne on an 8.5 year lease. Q Catering also renewed its existing lease.

40 new EV charging points are being installed for the benefit of the Park. Exciting times at Windrush Park as our BREEAM Very Good development projects come forward, delivering 11 new units ranging from 3,000-40,000 sq ft due to be completed in early 2023.

Canmoor is excited to welcome Sytner Car Limited which has begun a 15 year lease at Unit 1, Monkspath (16,336 sq ft).

The portfolio comprises a combination of predominantly Grade-A last-mile and regional modern logistics warehouses and includes nine standing assets and one development totalling 1.9m sq ft. A sale was completed to AXA IM in Q1 2022, generating a significant return for our investors.

The 400,000 sq ft multi-let estate has been sold to Hines during Q1 2022. The fully let estate is just 1 mile from Coventry city centre which is home to NP Aerospace, Bybox and The Pallet Network.

The Steder Group has taken a 10 year lease at the newly refurbished space at Block D.

Works have commenced on the speculative development of a two unit scheme totalling 70,000 sq ft at Precision Park, Leamington Spa. This follows quickly on the heels of lettings locally to Iron Mountain and the Secretary of State for Health.

The new build scheme of 300,000 sq ft in the Black Country has been fully let, to Super Smart Service, CMYUK, Furdeco and DNEL. The speculative scheme, which achieved PC during Q4 2021, has been fully let during Q1 2022.

The lease has been completed for the 7,091 sq ft ground floor at Windsor Dials. This is the last floor remaining at our Windsor two property site. For further enquiries, please look at our brochure on the website.

We are excited to welcome James to the Canmoor team in Manchester! James is responsible for assets in the North West, Yorkshire and the North East with a focus on development, asset management of existing stock and sourcing new opportunities.