Imex Business Centre in Loanhead continues to prove popular with occupiers looking for good quality industrial space, after Ryden signs up eight new tenants within the last six months.
The new occupiers, which include among others Mears Group PLC, SPIE UK and Edinburgh Dairies, have all been secured on three to five year leases at an average rent of £7.75 per sq ft. Unit sizes ranged from 421 sq ft to 2,200 sq ft.
Following this run of lettings, only one unit now remains at the 65 unit industrial/office business centre which is located within Bilston Glen Industrial Estate in Loanhead.
Cameron Whyte, Surveyor at Ryden who handled the transactions on behalf of landlord Industrials UK, commented:
“Good quality small to medium sized industrial units are in high demand in Edinburgh, but currently there is a lack of stock to meet requirements. Imex Business Centre is one of only a couple of industrial estates in the city that can provide this type of space and also offer flexible lease terms.
“Our client is pleased to have secured these eight new lettings and to see the headline rent at the estate rise to £7.75 per sq ft.”