Maidstone's LOC8 development close to fully let
Maidstone mixed-use business park development LOC8 is close to seeing its first phase being fully let, with 76 per cent of the space already taken.
LOC8 is managed by Clearbell Property Partners III LP, a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP.
Located at Junction 8 of the M20 in Maidstone, LOC8 comprises 245,000 sq ft of space across 11 new warehouse units, ranging from 5,000 to 60,000 sq ft.
Three quarters of its Phase 1 units have been let to a variety of occupiers, including Hitachi Construction Machinery UK Ltd, UK Greentech (Part of Edmundson Electrical Ltd) and Zehnder.
Unit B4 is the last remaining unit, comprising over 58,800 sq ft, which is ready for immediate occupation. It boasts a Grade A specification, including two level access doors and three dock level doors.
Visit Hampshire Biz News for bright, upbeat and positive business news from the county
The second phase of the project will see a further 200,000 sq ft developed with completion targeted for summer 2024.
Rob West, Managing Partner at Clearbell, said: “We continue to respond to business’ needs by developing logistics and industrial sites that are at the vanguard of sustainability.
''LOC8 was designed to be highly energy efficient with the goal of helping businesses to future proof, and we are seeing strong occupational demand as a result.
''At the same time, we have taken steps to improve transport links to the site, which will closely connect occupiers to the UK and global markets. Phase 2 will only build further on this ambition.”
Read more - Former Broadmoor Hospital site goes on the market
