Rugby Laser Cutting Specialists Invest In iQuarter
28 January 2010
Rugby company, MSS Lasers Ltd, is moving to the iQuarter office and industrial scheme, after purchasing two units from developers Highcross.
The industrial units, which total 15,181 sq ft, have been purchased in a £1.1 million deal. Highcross has now sold all the industrial/warehouse space at the 11-acre development, with just one industrial unit still available for rent.
In December, Highcross sold six industrial units at iQuarter, ranging from 3,613 sq ft to 12,264 sq ft, in a £2.3 million deal. The units, which are let to a range of occupiers, including Orscheln and Airwave Solutions, were purchased by private investors, represented by Strutt & Parker Private Investors. The sale of the six units took just three weeks from agreement of terms to completion.
Highcross was represented by Lambert Smith Hampton and M3 in both deals. The iQuarter scheme, which was jointly developed with Danescroft, also includes office units from 995 sq ft – 2,002 sq ft and a headquarters office building. The development is located adjacent to Junction 1 of the M6.
Highcross commercial development director, Chris Mills, said: “With its excellent transport links and high quality units, the iQuarter development has been quick to attract expanding local companies since its completion. We are delighted to have agreed these significant investment sales, which also reflect the quality of the occupiers and lease arrangements in place.”
