90,000 SQ FT disposal in Welwyn Garden City

90,000 SQ FT disposal in Welwyn Garden City

Brown & Lee Chartered Surveyors, jointly with Doherty Baines, has successfully completed the disposal of over 90,000 sq ft at Shire Park, Welwyn Garden City on behalf of Zurich Assurance Limited.

The disposals included the sale of buildings 1 and 2 Falcon Way, providing 41,885 sq ft and 33,075 sq ft respectively, to Tesco Stores Limited and the letting of First Floor 4 Falcon Way, amounting to 17,140 sq ft, to Towers Watson Limited.

falcon way stevenageIt could be observed, however, that these disposals also highlight the increasing problem that is occurring in major commercial centres throughout the region.

Availability of office accommodation is reducing to the lowest levels that occupiers have ever experienced, and the general feeling is that this shortage of space is unlikely to improve in the short term because the market is probably still not strong enough to encourage developers to undertake a speculative office development!

That said, Brown & Lee maintains an impressive portfolio of office and industrial properties, with unrivalled local knowledge and experience. Click here to search now!

For further information please contact Mike Phoenix, tel no 01438 794589 or mike.phoenix@brownandlee.com