Aberdeen UK Property Fund, advised jointly by Savills and Richardson’s, has let Unit 19D at Axis Park on Manasty Road in Orton Southgate, Peterborough to E F Engineering Ltd.
The firm, which provides a range of specialist engineering services, has agreed to a new five-year lease for an additional 2,768 sq ft (257 sq m). Already present on the park, E F’s recent expansion will see them occupy a total of 12,780 sq ft (1,187 sq m) across two units.
There has been a recent flurry of activity at the park since the launch of eight new-build units, this latest transaction follows a deal to Metro Rod which completed earlier this year. As a result, there are now only a small number of units available to let at a starting quoting rent of £7.50 per sq ft (£80.70 per sq m).
Edward Gee, associate director in the business space team at Savills Peterborough, comments: “Axis Park provides good quality warehouse accommodation in the well-established commercial location of Orton Southgate. With excellent access to Junction 17 of the A1 (M) this is the ideal location for E F Engineering’s continued expansion. Following this latest success we are confident that we will receive significant enquiries regarding the remaining available space.”