Eastbourne
Compton Industrial Estate
Since acquisition, our business plan has focused on increasing rental tone, improving WAULT, and enhancing income. By leveraging evidence to secure reversionary uplifts and capitalising on low passing rents, we are driving rental growth while adding value. A capex budget was set at acquisition, and refurbishment works are well underway.
The first completed refurbishment on the estate delivered a 44% rental increase – from £110,165 to £159,126 – on a 24,481 sq ft unit, at a cost of £5.50 psf. Estate-wide external improvements (£1.25 psf) are also in progress, enhancing the visual appeal to attract new occupiers and further boost rents. Additionally, EPC improvement initiatives are underway, targeting an upgrade to EPC B across all units.
At Compton Industrial Estate, our strategy has been to refurbish vacant units and improve EPC ratings. The estate, spanning 121,000 sq ft of urban logistics space across 12 units (previously EPC C–E), is undergoing upgrades, including Liquisil roof coatings, new external cladding and interior lighting enhancements, achieving EPC B ratings. Wider EPC improvements, aligned with lease events, will ensure all units reach EPC B.
These asset management initiatives demonstrate how proactive improvements drive rental and capital value, independent of market conditions. By revitalising the estate, we have enhanced its appeal, secured rental uplifts, and unlocked inherent reversionary value -without relying on yield shifts or market growth.
