Key Transaction Highlights
- Three-unit industrial scheme totalling approximately 10,880 sq ft
- Two newly constructed warehouse units totalling circa 6,000 sq ft
- One comprehensively refurbished industrial unit extending to 4,880 sq ft
- Let to Adaptive Aerospace Ltd and Motor Parts Direct
- Full occupancy achieved across the scheme
- Landlord’s asking rents secured on both transactions
- Located within the established Cressex Business Park
- Demonstrates continued demand for quality industrial accommodation
- Strong covenant strength secured across the development
- Successful delivery of both development and refurbishment strategies
Delivering Full Occupancy Across a High-Quality Industrial Scheme
Chandler Garvey has successfully completed the letting of all units at B2–B4 Lincoln Road, Cressex Business Park, High Wycombe, securing full occupancy across a high-quality industrial development and refurbishment scheme totalling 10,880 sq ft.
The scheme comprised two newly constructed warehouse units totalling approximately 6,000 sq ft, alongside a fully refurbished existing industrial unit extending to 4,880 sq ft. The project was undertaken to deliver high-quality industrial accommodation within one of Buckinghamshire’s most established commercial locations.
Following a targeted marketing campaign, Chandler Garvey secured lettings to Adaptive Aerospace Ltd and Motor Parts Direct, achieving the landlord’s asking rent on both transactions and delivering full occupancy across the scheme.
Development and Refurbishment Strategy
The marketing campaign was launched at a time when demand for quality industrial space continued to outstrip supply across the South East.
Occupiers have become increasingly focused on quality, favouring buildings that provide modern specifications, improved energy performance and efficient operational layouts. As a result, well-presented industrial accommodation continues to attract strong interest from businesses seeking premises that can support future growth.
The Lincoln Road scheme was ideally positioned to benefit from these market conditions, offering modern warehouse accommodation within the highly sought-after Cressex Business Park location.
The project combined speculative development with strategic refurbishment, creating a range of accommodation capable of appealing to both growing local businesses and larger regional and national occupiers.
The two newly constructed warehouse units provided modern industrial space built to meet contemporary occupier requirements, while the existing unit underwent a comprehensive refurbishment programme that significantly enhanced its appeal and competitiveness within the market.
This approach allowed the landlord to maximise the potential of the site while responding directly to occupier demand for quality industrial premises.
Attracting High-Quality Occupiers
A focused marketing strategy generated strong levels of enquiry from a diverse range of industrial and trade occupiers.
One of the units was secured by Adaptive Aerospace Ltd, a specialist engineering and aerospace business whose occupation reflects the growing demand from advanced manufacturing and technology-led industries seeking high-quality premises.
The scheme also attracted Motor Parts Direct, one of the UK’s leading suppliers of automotive parts to garages and repair centres nationwide. The letting further demonstrates the strength of demand from established national businesses seeking strategically located distribution and trade counter facilities.
The successful occupation of the scheme by both a specialist regional operator and a recognised national brand highlights the broad appeal of well-specified industrial accommodation in High Wycombe.
Successful Outcome
A key measure of success was the achievement of the landlord’s asking rents on both transactions.
Despite ongoing economic uncertainty and increased occupational costs facing businesses, demand remained sufficiently strong to support headline rental levels. This outcome demonstrates the continued resilience of the industrial sector and reinforces investor confidence in high-quality warehouse accommodation across the Thames Valley and South East markets.
The successful completion of the lettings at B2–B4 Lincoln Road has delivered full occupancy across the development, providing the landlord with secure income streams and validating the investment made in both new-build construction and refurbishment works.
The scheme now accommodates a mix of high-quality occupiers, ranging from advanced engineering businesses to national trade operators, reinforcing Cressex Business Park’s position as one of the region’s premier industrial locations.
This transaction demonstrates the continuing strength of the industrial market and the value created through the delivery of modern, well-located accommodation.
Chandler Garvey acted on behalf of the landlord throughout the marketing and letting process.
If you are considering letting, selling or redeveloping industrial property in High Wycombe, Buckinghamshire or across the Thames Valley, please contact the Chandler Garvey agency team for expert advice and an up-to-date market appraisal.
