International real estate advisor Savills has, on behalf of Harlaxton Estates Limited, let four individual units to separate tenants in Newark, Nottinghamshire as the client seeks to increase its presence in the East Midlands.
The first letting, comprising c.8,000 sq ft, at Beacon Hill Retail Park is to The Gym – a nationwide fitness brand which was founded in 2008 and now has over 150 sites. The brand will take the space on a 15-year lease and brings a new national operator to Newark.
Savills has also let a 6,954 sq ft space to 776 Gymnastics at Malt Park. This fast growing brand had its first studio in Mansfield and has chosen Newark as its next location due to the town’s vibrancy and growth potential. The space, which is located next to the Northgate Retail Park, is currently fitted out as a fitness centre and will be taken on a five-year lease.
The third letting, at Long Bennington Business Park, is to Italian power engineering company Ansaldo Energia. The 5,000 sq ft space will be taken on a five-year lease for the business to expand its UK operations and compliments the existing tenants on this 80,000 square foot office park
Up to 12,500 sq ft of fully refurbished office space with excellent parking provision is now available and in which good interest is being received.
Finally, Savills has let a prominent, 6,863 sq ft space on Harlaxton Business Park Northern Road Newark to Blueprint Gaming Limited. It will be the brand’s second space on the business park.
Speaking on the deals, Victor Ktori, Head of Office and Commercial, Savills, said: “These deals are testament to the attractiveness of Newark as a prime location for tenants seeking business park premises in an established commercial location. All spaces boast excellent transport links with easy access to the M1/A1 trunk routes as well as direct rail links to London King’s Cross. All illustrate the developers desire to see the town thrive and prosper assisting existing businesses to grow as well as attracting inward investment from new companies to the town “.
Lace Law Ltd and BE architects advised Harlaxton Estates Ltd on all the transactions.