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Nepicar Park, Wrotham

Nepicar Park, Wrotham

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Gallagher Properties commits to more speculative development

Nepicar Park, Wrotham

Nepicar Park, Wrotham

Nepicar Park industrial estate, close to Junction 2a of the M26, has sold almost all its 15 warehouse units just 18 months after the developers, Gallagher Properties, secured planning permission.

The 42,000 sq ft industrial estate near Wrotham opened last week and Gallagher Properties said the appetite for its warehouse space proved there is strong confidence among small and medium-sized businesses in west Kent.

Only two of the 15 units remain available, although terms have been agreed for one of those, with final contracts yet to be exchanged.

Gallagher Group chief executive Nick Yandle said: “It clearly shows that there is demand for well-designed, high specification and well located industrial units that are close to the motorways in Kent.

“Speculative development in the county over the past few years has been rare, but we were confident we had come to understand the market and had the right product, in the right place, at the right time and so we committed to the development entirely speculatively.”

The purchasers include Akita Systems, Dransfield, Insight Systems, ISS, Pensdown, Smart Group and TCW solutions. Three units have been bought by investors who intend to rent the units.

 

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