Schroder Real Estate Investment Trust has agreed eight industrial lettings during the lockdown period.
The deals struck since 31 March will generate a total rent of £840,000 per annum for the REIT.
At Union Park in Norwich, manufacturer Quentor took a unit on a 10-year lease at a rent of £189,175 pa (£4.79 per sq ft). The rent is 4.4% higher than what the previous tenant was paying (£181,125).
Existing tenant at Union Park, security products distributor ADI-Gardiner, agreed a new six-year lease at a new rent of £18,500 pa (£5.51 per sq ft), an 8.8% increase.
At Millshaw Industrial Estate in Leeds, support services company Restore renewed its lease at a new rent of £250,000 pa (£4.84 per sq ft), 3.1% higher than its previous rent of £242,000.
Also on the Millshaw estate, vehicle manufacturer Camso UK agreed to a 7.5% rental increase for its space, and now pays £19,800 pa, up from £18,420.
At Stacey Bushes Industrial Estate in Milton Keynes, two existing tenants renewed their leases and one agreed a rent review.
My Warehouse renewed its lease for unit 28, agreeing to a 55.6% rent increase to £82,943 pa (£7 per sq ft) from £53,321 (£4.50 per sq ft). Vacuum Technologies agreed to a 42.9% rent increase to £15,380 pa (£10 per sq ft) up from £10,766 (£7 per sq ft).
The Warehouse (Milton Keynes) agreed to 7.7% rent increase to £37,464 pa (£7 per sq ft) from £34,788 (£6.50 per sq ft).
At Walton Road Industrial Estate in Portsmouth, tech company Codestorm agreed to a 19.4% rent increase to £225,000 pa (£8.36 per sq ft) from £188,377.
To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette
