Hat trick of deals done at Beeches Industrial Estate, Yate

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Nicky Godding

Colliers and JLL, the joint marketing agents on Beeches Industrial Estate, Yate have secured three successful lettings for owners DTZ Investors.

Unit 55, which extends to 2,128 sq ft, has been let to business solutions provider Collaboration Works on a five-year lease. The new tenant took occupation immediately following vacation of the former occupier.

Units 27-28, comprising 14,537 sq ft of extensively refurbished space, have been let to specialist coachbuilding company W.H. Bence Coachworks on a five-year lease.

Unit 50, which extends to 6,552 sq ft, is a brand-new unit and has been let to Gem UK Transport Limited on a 10-year term.

The latest space to be brought to the market at the Yate industrial estate is Units 7-8, which extends to 14,005 sq ft, and is ready for immediate occupation for a term to be agreed.

One of the last vacant units on the estate, it has already been extensively refurbished, and includes a new roof and LED lighting throughout, as well as benefitting from the potential to create a large secure yard to the rear of the property.

Tom Watkins, Director in the Industrial & Logistics team at Colliers, said:“Beeches Industrial Estate is a high-quality estate, which benefits from good access to Bristol city centre and the M4 and M5 motorways.

“The fundamentals of the Yate market remain incredibly strong and the estate consistently attracts keen demand for space. This has been highlighted by the rapid lettings of Units 27-28, 50 and 55 over the past few months.

Henry De Teissier, Associate at JLL added: “The estate provides a wide variety of unit sizes and appeals to a broad range of occupiers. It’s great to welcome three new tenants in quick succession.’’

Natalie Latour, Associate Director at DTZ Investors said; “We acquired the estate in 2015 and it continues to perform well as an asset within our portfolio. We are really pleased to have secured these three lettings despite ongoing uncertainty around the pandemic and various lockdown restrictions.”

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.