UKCM FULLY LETS HERTS ESTATE

Ciaran Murray

UK Commercial Property REIT (UKCM) has fully let the Ventura Park industrial estate in Radlett, Hertfordshire, after agreeing five new leases for about 230,000 sq ft.

The deals for the five office and warehouse units have been signed with new and existing occupiers and secure £2.5m in rent per annum.

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Of the total, 113,000 sq ft has been leased to Planners Services & Sundries, Stand & Deliver and GL Events.

Will Fulton, lead manager of UKCM at Aberdeen Standard Investments, said: “These latest leases at Radlett are a very encouraging translation of the short supply of edge-of-London industrial space into leases and rent, fully letting the asset and reducing the company’s total portfolio void by over a third to 4.1 per cent.”

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