Phillips Sutton let modern 28,000 sq ft warehouse building on Meridian Business Park, Leicester.
Acting on behalf of Harwood Real Estate, Phillips Sutton have successfully disposed of a 28,000 sq ft modern industrial warehouse on Meridian Business Park, Leicester.
The unit was let to a subsidiary of Thales UK, on a 10 year lease with a break at the end of the 6th year at a rent of £145,000 per annum, which reflected £5.18 psf.
This is the highest rent per square foot achieved on Meridian Business Park for a significant period of time.