Coventry commercial market still buoyant says award-winning agency
A new ten-year leasehold deal for a high-quality modern industrial unit shows the continued strength of the commercial property market across Coventry, an award-winning agency says.
Bromwich Hardy has concluded the letting of the 6,700 sq ft end-terrace unit at Spitfire Close on Coventry Business Park to Sommer Event Flooring, which specialises in bespoke flooring for events and exhibitions.
Bromwich Hardy partner David Penn, who acted for landlord BW Sipp LLP, said the deal provided further evidence of the strength of the market across the city despite the ongoing difficulties pose by the Covid pandemic.
“A recent report by EG Propertylink showed that Coventry enjoyed the biggest rise in demand for commercial property of any location in the country this year.
“Figures showed that demand in the city rose by 119 per cent between January and July and that has certainly been reflected in the level of interest and volume of deals we have been concluding at Bromwich Hardy.
“The unit at Spitfire Close is an excellent case in point, with plenty of interest resulting in a highly-successful deal for both client and tenant. Despite all the challenges that Covid-19 continues to bring, there is still a market for high-quality, modern units which are well equipped.”
David Kemp, of Sommer Event Flooring said the new base was the perfect location for his company.
“We are delighted with the new accommodation and look forward to long and successful future at the new site.”
Nick Houghton, from BW Sipp, said the deal was excellent news for all concerned.
“With the efficient and helpful support of the team at Bromwich Hardy I am delighted to have agreed a good lease to a high-quality tenant like Sommer Event Flooring.”
Bromwich Hardy has just been named the most active agent in Warwickshire for the seventh year running by respected industry publication Estates Gazette.
The Coventry-based agency worked in full throughout the Spring lockdown without the need to furlough staff as it continued to conclude deals and has continued to work throughout the current restrictions.