LaSalle agrees letting with Rl at Bush Industrial Estaate

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LaSalle IM - Greater London, LaSalle agrees letting with Royal Mail at Bush Industrial Estate

LaSalle agrees letting with Royal Mail at Bush Industrial Estate http://www.propertymall.com/press/article/29627" onclick="window.open(this.href);return false;

LaSalle Investment Management has let three units at Bush Industrial Estate, Tufnell Park, to the Royal Mail Group.

Bush Industrial Estate is located in Tufnell Park, North London and has convenient transport links via the A1 and Tufnell Park underground station. This well-established industrial estate comprises of thirteen units in total and has proven to be a convenient central London location for a range of warehouse occupiers who have taken advantage of good quality space. Royal Mail Group has agreed to lease units 11 to 13, totalling 20,000 square feet, on a 15 year lease following the surrender agreed with the former tenant.

Nneka Ejindu, Associate Director at LaSalle, said: "This recent letting is to a high profile tenant and highlights the attractiveness of Bush Industrial Estate, where we have 2 recently vacated units totaling approx. 16,000 sq ft available to let through Turner Morum. Indeed the fact that we have signed a long lease demonstrates our strength in actively managing property portfolios and represents more good news for our institutional investors."

Steve Molloy, Royal Mail's Delivery Director for North London, said: "The planned relocation of four of our delivery offices to the Bush Industrial Estate is part of Royal Mail's ongoing modernisation programme and is vital to put our business on a sound, secure and sustainable footing for the future."