European logistics company TDG, which is now a fully integrated part of Honda’s operations, has taken Unit 11D Broadmoor Road, South Marston Park to facilitate its expansion plans.
TDG has taken a sub-lease of the 89,412 sq ft distribution facility, due to expire in July 2012, at a rent of £463,000 per annum. The deal was negotiated by commercial property consultancy Lambert Smith Hampton (LSH), on behalf of Telereal Trillium.
South Marston Park is a well established industrial estate situated approximately five miles north of junction 15 of the M4 motorway and is home to several international occupiers including Honda, Aldi, Marks & Spencer and Nissin.
Tim Beare, senior surveyor at LSH’s Bristol office, commented: “This deal represents the second largest transaction of existing industrial space in Swindon over the last 12 months. It is very good news for the local market, and specifically the estate itself, which has noticeably struggled through the economic decline due to high vacancy levels. South Marston Park remains a popular location for TDG because of its proximity to the regional road network and the Honda factory. Above all the competing space, we were able to provide the most suitable package for TDG to present the best option to service this specific contract.”
Local agent Loveday and Loveday acted as joint agents on the disposal and Alastair Andrews, industrial partner from the firm, added: “Swindon remains a great location for many occupiers and particularly those within the distribution sector who can take advantage of its excellent links to the UK’s national motorway network.”
