Smiths News take new warehouse at Newmarket Business Park
In one of the biggest pre-let deals in East Anglia so far this year developer Hamilton Land has confirmed Smiths News is moving to Newmarket Business Park, where Cheffins are sole agent.
The newspapers and magazine wholesaler has agreed a new 15-year lease on a new 11,678 sq ft (1,085 sq m) warehouse at Newmarket Business Park on a design and build leasehold basis. Smiths News will pay an initial annual exclusive rental of £115,000.00.
Construction of the new warehouse has begun with practical completion scheduled for late December 2009.
This new facility will be located on a 1 acre (0.40 ha) site known as Plot 1, Newmarket Business Park which is located within 0.5 miles of the A14 (J37) dual carriageway with fast access to Cambridge and the East Coast Ports in addition to Stansted Airport, M25 and London via the A11/M11.
Tye Lohrenz, Network Project Manager at Smiths News Trading Ltd, comments: “Having reviewed our network for newspaper distribution in the East Anglia region, Newmarket is ideally situated for our new depot”.
Over 70% of Newmarket Business Park has now been either let or sold and only four plots remain providing 4 acres (1.61 ha) in total, capable of providing up to 81,000 sq ft (7,525 sq m) of commercial buildings.
For further information on Newmarket Business Park, please contact the scheme’s agent Philip Woolner at Cheffins on 01223 213666 or email: philip.woolner@cheffins.co.uk.
