Greater London, Heston Industrial Mall

Heston Industrial Mall, Church Road, Heston, Hounslow, TW5 0LD UK

Overview

This 53,000 sq ft industrial estate was acquired from a UK institution with a long standing void rate of 32%.

Chancerygate implemented a new management regime with improved estate services and a troublesome occupier was carefully managed out of the estate. Chancerygate also undertook an assessment of the competition and advised on an economically viable scope of works to enhance the lettability, these included the refurbishment of vacant units and exteriors and the development of yard areas.

The works resulted in an increase of the ERV from £9.00 to £12.50 psf and facilitated a successful exit at a substantial profit.

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