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Orpen Park Bristol

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The Challenge

Following the expiry of a number of original leases resulting in a 50% void at the park, Cushman & Wakefield were instructed as sole letting agents, working in collaboration with the Project Management and Consultancy team who were instructed in connection with dilapidations and refurbishment works.

The Solution

In response to a large number of voids appearing during 2015, Cushman & Wakefield undertook a sustained marketing campaign to achieve full occupancy.

  • Providing combined leasing strategy, dilapidations services, and advice and monitoring in connection with refurbishment works.
  • Utilising local market expertise and occupier knowledge.
  • Marketing the park to ensure full exposure.
  • Conducting negotiations with preferred occupiers.

The Results

Cushman & Wakefield successfully fully let the park with four lettings in a 9 month period from a position of 50% void.

  • Fully let industrial estate.
  • All lettings on FRI terms without schedules of condition.
  • Continual improvement of lease terms, securing longer leases and reduced rent frees to improve net effective rents.
  • High quality tenants secured including Furniture Village, Energetics, and Swagelok.
  • Ongoing investment disposal advice.

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