SHW has pre-let Units 2 and 3, totalling 61,500 sq ft, at Sussex Junction to CGG Services on a 15-year lease at a rent of £12.50 per sq ft.
Sussex Junction is a new warehouse logistics/development on Cowfold Road in Bolney, West Sussex, with immediate access to the A23, serving the Gatwick area, Brighton and the East Coast. The global leader in geoscience technology has taken the combined units on a built-to-suit basis, with completion scheduled for Q3 2022. This leaves just one remaining unit of 46,500 sq ft on this prominent scheme with fantastic road links.
Tim Hardwicke, Partner at SHW, comments: “West Sussex is an attractive location, home to a wide range of global companies delivering world-class products and services, with access to nearly 5 million people within an hour’s drive.”
A development by Arcus, following the pre-let to CGG, Sussex Junction has been forward sold to UK Commercial Property REIT in a £25.2 million investment deal.
DTRE is joint letting agent at Sussex Junction. DeVono Cresa advised CGG Services. Lewis Ellis advised UK Commercial Property REIT.