Schroder Optimistic for Industrial Lettings Despite COVID-19

Schroder UK Real Estate Fund completed significant lettings at its Arenson Way site in Dunstable with the arrival of Signature Flatbreads who has signed a new five-year lease for 40,775 sq ft. The deal is one of several others in the Midland region highlighting the demand for space despite the ongoing problems caused by Covid-19.

The landlord has seen a significant rise in demand for industrial units which resulted in a 12% rise in net income over the past year, at a time when many landlords in the office, leisure and retail sector are seeing rent rolls tumble.

Rob Cosslett, Deputy Fund Manager, Schroder UK Real Estate Fund, said: “These latest transactions across our industrial assets have taken place despite the uncertainty caused by Covid-19. Not only is this an encouraging sign for the UK property market but also a clear indication of tenant confidence at these particular estates, reflected in the long-term nature of the lettings.


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