London Clancy Secure Tenant for Sensor Highway Limited

Sensor Highway Limited has granted a sub-lease to RedLux Limited on The Quadrangle Abbey Park Romsey.

RedLux, the UK's leading developer of optical coordinate measuring machines (CMM), have taken a 13,000 square/feet industrial building to accommodate the company's recent growth and expanded customer base.  The expansion is driven by an increase in damand for its leading metrology systems from clients in minnion-critical and technically advanced industries around the world.

"This move represents an existing and pivotal time for RedLux," said Christian Maul, CEO of RedLux. "We have recently seen a significant increase in demand for our ptical coordinate  measuring machines, particularly with globel Orthopaedic and Automotive Engineering companies.  We rapidly ran out of space in our previous location in Chandlers Ford and the new premises will allow us to keep pace with the demand for our systems, and also provide the much-needed office and lab space for our staff.   Despite an uncertain policital and economic climate, we're delighted to be delivering one of the success stories for British engineering".

London Clancy acted on behalf of Sensor Highway Limited while Hughes Ellard advised RedLux Limited who were introduced by Charters Commercial.

For further details please contact:
David Heda
02380 330442
davidheda@londonclancy.co.uk
 

London Clancy are pleased to confirm that new instructions have been received to let Guilbert House, Greenwich Way, Andover. The property comprises a substantial office building conveniently situated on the Andover Ring Road with excellent road communications via the A303, A343, A34 and M3 and direct rail links to London Waterloo. The available accommodation provides predominantly open plan offices and impressive double height atrium and reception area, with office suites to let from 5,314 - 22,101 sq ft (493 – 2,053 sq m). The property sits within landscaped surroundings, has an excellent car parking facilities and local amenities such as the Enham Arch and Churchill Retail Parks and Tesco and Sainsbury’s supermarkets are within easy walking distance.

London Clancy, acting on behalf of Greenway Property Investments Ltd has sold the investment comprising basement and ground floors of 60 High Street Alton Hampshire and which are fully let to Nero Holdings Ltd. Trading as Caffé Nero.

The lease has 5 years left unexpired and the price obtained was £715,000 Subject to Contract which showed a yield after allowing for costs of some 6.63%.

Jim London of London Clancy commented: “This sale emphasises the continuing strong interest being shown for quality investment properties in the Regions.”

Peter Hale of Hale and Partners and Jon Elliott of JP Elliott Chartered Surveyors acted for the Purchasers, Banbury Properties Ltd.

For further information please contact:

Jim London

01256 462222

London Clancy