News

ELIZABETH & JUNO LETTINGS THRIVING

October 2009

A flexible approach, a willingness to negotiate and an eagerness to complete deals are key factors why Elizabeth & Juno Way Industrial Estates on Surrey Canal Road, Lewisham continue to thrive in an uncertain lettings market. That's the view of Simon Messervy, Property Services Director at Howard Property Investments who have owned the estates for the past 9 years.

"We are finding units on the estates are attracting interest from a wide range of companies", says Messervy. "Rents are competitive for the area and are attractive to many different types of companies - business start ups for example, where overheads are critical, are often not interested in signing long leases. We can be flexible and put together short term, competitive deals which appeal to this type of tenant during their first years of trading. Ultimately we want to support businesses on the estate and encourage their development and growth so they can expand into larger units on the site."

There are two adjoining estates on the seven acre site. Elizabeth Industrial Estate comprises mostly larger buildings offering warehousing space, whilst Juno Way offers modern industrial units and incorporates the Juno Enterprise Centre providing a range business units and office space. The variety of units appeals to the wider sector of the business community in the area. The total lettable space is in excess of 200,000 sq ft.

With excellent accessibility to Central London by road, rail and bus, extensive parking provision and good prominence from Surrey Canal Road, units on the estates are often in demand.The site is located in the heart of South East London and only 10 minutes walk to South Bermondsey and New Cross Gate Railway Stations.City Airport is under 8 miles and Canary Wharf only 4 miles away. The estate also borders the new TFL East London rail line which is scheduled for completion in 2010.

Recent deals have included new lettings to a wood staining company for unit 2A. A new bakery business has taken 1,200 sq ft and a vegetarian catering company has taken a 940 sq ft in the Business Centre. A delivery company has agreed a short term deal on storage space in the Tower building. Existing companies Gisela Graham and Digital Holdings have recently renewed leases. The estates are also undergoing new branding and signage to the main entrance and the Business Centre.

Letting agents for the estates are Kalmars and King Sturge.