London, 23 March 2018 - M7 Real Estate, the pan-European investor and asset manager, announces that, acting on behalf of a major institutional fund, it has completed the final letting of 16,575 sq. ft. at Kenwood Business Park, Havant.
The 234,000 sq. ft. estate is home to a wide range of established South Coast businesses. Longstanding Havant firm, Colt International, which specialises in smoke and climate control solutions, has relocated from its former site nearby, taking the final unit on the estate for a nine year term at a rent equating to £6.00 per sq. ft. Lewmar, a leading components manufacturer for the marine industry, has also taken a unit to expand its current operations in the region. Fibreglass supplier GRP Solutions and housing association The Hyde Group have also recently moved into refurbished premises on the site.
Daniel Roberts, Asset Manager at M7 Real Estate commented, “Kenwood Business Park is an important employment location for the local community so the continued high levels of occupancy, by long established local firms, is a huge positive for the area. Colt International have been established in the area for the last 50 years and this letting has helped solidify their ties to the local community.”