SWIP Property Trust and Centurion Properties have completed a 110,000 sq ft lease at St Martins Business Centre in Bedford with Fujifilm UK.
Fujifilm UK has renewed its lease on the office and industrial space, which includes its UK headquarters, for a further seven years until 2021 at an initial total rent of £959,930 a year.
St Martins Business Centre forms part of the Cambridge Road Industrial Estate. The estate, which was acquired by SWIP Property Trust and Centurion in March 2012, comprises 17 industrial and warehouse units and two office buildings, which were constructed in phases during the 1980s and early 1990s. Units range from 10,222 sq ft to 51,183 sq ft.
Centurion Properties head of asset management Paul Reid said: “We are delighted to have extended our relationship with Fujifilm, which is one of the most important customers in our portfolio. The lease agreement is testament to the emphasis we place on tenant retention.”
SWIP Property Trust deputy manager Kerri Hunter said: “The appetite for premium office and industrial space in regional locations such as Bedford, which have accessibility to key transport links, remains strong as occupiers like Fujifilm recognise the attractions of a strategically positioned business centre like St Martins.”
Letting agents at St Martins Business Centre are Lambert Smith Hampton and Douglas Duff.
chris.berkin@estatesgazette.com
