Kirkby Diamond teams score industrial lettings hat-trick

Our Industrial & Logistics team has recently completed a hat-trick of lettings at a Bedfordshire industrial estate.

The three units at Bilton Way Industrial Estate, Luton, were snapped up by occupiers following a programme of refurbishment led by our building consultancy division.

Eamon Kennedy, senior partner and head of industrial & logistics, said Kirkby Diamond’s ongoing work at Bilton Way is a testament to our collaborative approach, with remarkable results achieved for our client BrightBay Real Estate. 

The estate, two miles from the M1 motorway, comprises 49 units totalling 420,000 sq ft. The industrial & logistics team has been instrumental in its success, recently securing tenants for around 32,000 sq ft across three units, with an additional 50,000 sq ft currently under offer – with works to be overseen by Paul Hazell, Partner in our Building Consultancy department.

Cromwell Tools, a supplier of items used in the maintenance, repair, and operations of industrial or manufacturing facilities, has taken a 10-year lease on a 16,700 sq ft unit. Multitel, which specialises in truck-mounted and self-propelled tracked aerial platforms, has agreed a 10-year lease on a 7,400 sq ft refurbished space. Meanwhile, WCCTV – a leading supplier of mobile CCTV systems – has taken a 10-year lease on a 8,505 sq ft unit.

Eamon added: “What sets Kirkby Diamond apart is our continued emphasis on teamwork. Throughout the project, our teams have leveraged each other’s expertise to simplify complex processes and deliver results.

“Our industrial and logistics team has had long-standing involvement with the Bilton Way estate. Recently, our building consultancy team was appointed to oversee dilapidations and manage the necessary project management tasks to prepare the units for occupancy, minimising costs for our client. In parallel, the industrial and logistics team provided strategic advice and worked closely with our lease advisory team to secure lettings at rental rates higher than anticipated.”

Kirkby Diamond’s industrial & logistics partner and head of Milton Keynes agency Paul Quy said: “The momentum at Bilton Way continues to build. We continue to provide strategic advice and we are currently promoting several units available for lease on the estate. Our building consultancy team is overseeing further work on 80,000 sq ft across multiple units. Additionally, our lease advisory team continues to manage rent reviews and lease renewals to ensure favourable outcomes for all parties.”

Kirkby Diamond is the sole agent on the Bilton Way Estate. Eamon emphasised the benefits of having a single firm manage all aspects of a large multi-tenanted industrial estate.

"It makes life so much easier for commercial landlords when one firm handles all aspects on their behalf; from improving the building and finding tenants through to lease renewal negotiations. Our teams work together, communicate, and understand each other’s processes, so things get done quickly and costs are kept low."

Mark Pepper, head of building consultancy, said: "These kinds of projects are the most satisfying, when the collaboration within Kirkby Diamond works to deliver real results for our clients, and we look forward to continuing our impressive track record at Bilton Way." 

George Jerram, of landlords BrightBay Real Estate, praised the seamless collaboration and outstanding service provided by Kirkby Diamond, which has maximised the property's potential:

"Kirkby Diamond continues to deliver an excellent service across all disciplines on the Bilton Way Estate. The attention to detail offered to us is second to none and we look forward to a rewarding working relationship at the Estate for years to come. We would highly recommend their services."