Schroder Real Estate Investment Trust has agreed 13 new lettings, renewals and reviews since 30 June.
The Ministry of Housing, Communities and Local Government has signed a new three-year lease at Coverdale House in Leeds for a 17,578 sq ft family court. This comes in at £15 per sq ft and equates to £281,670 per annum, a 6% increase on the previous passing rent of £265,000.
Nine lettings, renewals and reviews have been completed across the REIT’s industrial estates in Milton Keynes, Leeds and Norwich, which equates to annual rent of £360,000 and additional rental income of £180,000.
The deals include a new 10-year lease to Goodman Precision Engineering for two units totalling 10,861 sq ft at £7.50 per sq ft at Stacey Bushes Industrial Estate in Milton Keynes, and a 10-year lease renewal with the Saab Centre, also at Stacey Bushes Industrial Estate.
Schroder has also given a rent collection update for the period between June 2020 and 30 September 2020. The REIT has collected 82% of contracted rent and is in “active dialogue” with tenants due to pay outstanding rent.
To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette
