Aylesbury: Speculative development at Westcott Venture Park fully let

Westcott Venture Park at Aylesbury has successfully completed the letting of the first phase of the Century Court development, which has resulted in all seven units being fully occupied. Phase I of the speculatively-built industrial and warehouse scheme comprises a total of 24,000 sq ft over seven units and is located across 1.5 acres of the 650-acre site. Construction for the development was completed in August 2015 and all seven units were fully let in just over a year after practical completion.
Unit 2 has been let to existing occupiers Green Retreats, which will use the additional 2,050 sq ft to complement its activities in Hangar 4. Home Power Electrical Services, the main client of Green Retreats, has rented the adjoining Unit 3 which comprises 2,050 sq ft. Units 8 and 9 have been let to ALNO (UK), a major German kitchen supply company which will occupy 10,000 sq ft. The business operates out of Sevenoaks and Leeds, and this move will centralise its UK distribution operations. The 6,000 sq ft Unit 10 has been let to Samworth Brothers, a fourth-generation family business employing over 8,000 people, which will be trading as Ginsters and which is relocating from its facility in Bicester.

Other tenants which have recently signed up to the scheme include electronic defence system specialists Antillion and fashion house DKNY which have taken leases on Units 1 and 4 respectively.
Nigel MacKenzie, project manager at the Park, said: “Century Court has been a major success and is a ringing endorsement of owner Rockspring’s decision to build speculatively in 2015. The new scheme has not only attracted a further five new businesses to the park but has also facilitated the expansion of existing occupiers.”

Rod Mordey, European director at Rockspring, commented: “We are very pleased to have been able to bring forward the region’s first speculative industrial development in the last seven years, and we are delighted that the scheme is now fully occupied. The park has undergone significant growth over the past 10 years with the addition of new facilities for Shanks Waste Management, FedEx and the 10-acre Solar Park, as well as the recent addition of Century Court.”
Westcott Venture Park totals approximately 400,000 sq ft of industrial and office space and has minimal vacancy, 5.5 acres of open storage is under construction and further developments are planned. It is now home to 76 businesses and provides employment space for more than 600 people.