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Slough is delighted to have been selected to purchase this site as it will enable the Company to fulfil its ambition to create at Farnborough the pre-eminent business park in the M3 Corridor for its own long term ownership. The purchasers’ settlement agents perth wa will then check through the draft contract and raise standard enquiries.

This strategy also helps decrease our dependency on the vagaries of purely commercial or residential property cycles.

We are expecting to invest in excess of £250 million on the development of this park. The scheme will offer an opportunity to develop the next generation park to add to Slough’s portfolio of established prime business parks, most notably the Slough Trading Estate and Winnersh Triangle, Reading. The Shires opened in 1989 and attracts a weekly footfall of 90,000 and following the recent letting activity, there are now only three vacant units throughout the scheme.

Accessories have taken a new 10 year lease on Unit 5a at an initial rental of £13,500 per annum with a review at the fifth year.

Defence Estate Organisation was advised by Hillier Parker, and Slough by Fletcher King. Acting for the landlord, Allied Dunbar Assurance, joint agents Blair Kirkman and Brian Fitchett Commercial have negotiated lettings at The Shires, Trowbridge to Claire’s Accessories, and local retailers Etc. Etc., Future Resources, and Sheriton Jewellers.

The unit has a sales area of 47.2 sq.m. (508 sq.ft.). Etc. Etc. have taken a 10 year lease on Unit 12 at an initial rental of £29,500 per annum with a review at the end of the fifth year. Sheriton Jewellers have signed a six year lease on Unit 13 at an initial rental of £20,000 per annum with a review at the end of the third year. Future Resources have acquired Unit 25 on the basis of a 10 year lease at £18,000 per annum with a review at the end of the fifth year.

Unit 25 has a ground floor sales area of 50.6 sq.m. (545 sq.ft.) and first floor storage of 23.1 sq.m. (249 sq.ft.). Following the successful lettings of 268 Bath Road, Slough and Kingswood in Ascot, Slough Estates plc are now embarking on the next phase of speculative development on the Slough Trading Estate. Construction of a 1,960 sq m (21,090 sq ft) office building has now commenced at 188 Bath Road, Slough, reflecfing the current level of interest in the area.

An air conditioned building, over ground and two upper floors will benefit from 86 car parking spaces (1.23 sq m) and is due for completion in December 1998. Commenting on the development, Bruce Usher, Slough Estate’s Leasing Manager said: Slough Estates have had an extremely successful year to date and we hope to continue that with the development of 188 Bath Road.