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News Release

London

JLL wins instruction on Greater London Industrial scheme


LONDON, 24th March 2014- Leading UK investor and developer of commercial property, Salmon Properties, has appointed JLL and Stiles Harold Williams to let a new warehouse and industrial scheme on Kimpton Industrial Park, adjacent to the A217 in Sutton.


The scheme, known as “Sovereign”, offers pre-let opportunities of up to circa 80,000 sq ft of industrial and warehouse property on the three acre site.

Salmon intends to commence construction on securing vacant possession of the site at the beginning of October this year, so that current design and build opportunities remain available to occupiers.


Tim Clement, Director  in JLL’s Industrial & Logistics team commented : “This is a  rare  opportunity for occupiers to acquire a purpose-built industrial or warehouse property of up to 80,000 sq. ft. in a market where supply is very limited.  Our recent research suggests that availability of units under 100,000 sq ft in the Greater London area is 38 per cent lower than it was in 2012 and so many companies are struggling to accommodate their requirements within this size range.”​