A software development company has snapped up the last available premises in a now fully let business park in the East Midlands.
DIGI-Steel has entered into a new five-year lease on Unit 4, a newly refurbished 5,440 square foot office building located at Interchange 25 Business Park, Bostocks Lane in Nottingham.
The company, which provides cloud-based solutions to the steel processing industries, is taking up space on the estate where it has been based since 2019.
This is the third rental to be completed at Interchange 25 Business Park in less than six months and follows recent deals with UK homebuilder Keepmoat Homes and global packaging solutions provider, GPA Global. .
Hortons also agreed to a five-year lease renewal with accountants Coleby Associates LLP on Unit 3, a 4,240 square foot property near the entrance to the business park.
Jeremy Boothroyd, of owner Hortons’ Estate Ltd, said all eight buildings at Interchange 25 were now let and hailed the recent wave of transactions as a positive sign for the out-of-town office market.
He said, “We are very pleased that DIGI-Steel has chosen to expand its operations at Interchange 25. The lease demonstrates the company’s commitment to the location and speaks to the excellent working relationship that we talk to our tenants.
“We have undertaken a building renovation program on the estate, which has been an important factor in letting the remaining properties quickly and securing good rents. The business park has a superb location and good facilities, with a high quality of established occupants.
Mark Tomlinson, director of property consultants FHP, who marketed the estate, said: “Occupant sentiment continues to shift towards securing the best quality office space and landlords who have invested in their buildings to present Good quality specifications, finishes and eco-credentials reap the rewards.
“We are seeing continued rental growth in the area for the upscale segment of the market and an increase in retail activity and I am delighted that we have now achieved full occupancy at Interchange 25.”
Interchange 25 Business Park is a development of eight self-contained office buildings, located at the intersection between junction 25 of the M1 and the A52 (Brian Clough Way) which connects Nottingham and Derby.