A software development company has snapped up the final available premises at a now fully let business park in the East Midlands, landlord Hortons’ Estate Ltd has announced.
DIGI-Steel has agreed a new five-year lease on Unit 4, a recently refurbished 5,440 sq ft office building at Interchange 25 Business Park, Bostocks Lane in Nottingham.
The company, which delivers cloud based solutions to the steel processing fabrication sectors, is taking further space on the estate where it has been based since 2019.
It is the third letting to be completed at Interchange 25 Business Park in less than six months and follows recent deals with UK house builder, Keepmoat Homes and global packaging solutions provider, GPA Global.
Hortons’ has also agreed a five-year lease renewal with accountants Coleby Associates LLP on Unit 3, a 4,240 sq ft property near the entrance to the business park.
Jeremy Boothroyd of Hortons’ said all eight buildings at Interchange 25 were now let and hailed the recent spate of deals as a positive sign for the out-of-town office market.
He said: “We’re very pleased that DIGI-Steel has chosen to expand its business at Interchange 25. The letting demonstrates the company’s commitment to the location and is indicative of the excellent working relationship we have with our tenants.
“We undertook a programme of building refurbishments on the estate which has been an important factor in letting the remaining properties in quick succession and in securing good rents. The business park benefits from a superb location and good facilities, with a high quality of established occupiers.”
Mark Tomlinson, Director at property consultants FHP, who marketed the estate, said: “Occupier sentiment continues to move towards securing the best quality office spaces and those landlords who have invested in their buildings to present good quality specifications, finishes and eco credentials are reaping the rewards. We are seeing continued rental growth in the sector for the prime end of the market and increased deal activity and I am delighted that we have now secured full occupancy at Interchange 25.”
Interchange 25 Business Park is a development of eight self-contained office buildings, located at the intersection between Junction 25 of the M1 and the A52 (Brian Clough Way) which connects Nottingham and Derby.