Aurora seals Eurocell deal

Aurora Property Group has signed up Eurocell, a supplier of UPVC doors and windows to the building industry, to its Gateway Park trade counters at Bangor.

Eurocell has taken the 3,654 sq ft unit two on a five-year lease at a rental of £7.25/sq ft.

Gateway Park totals 12 acres and is home to the area's Driving Standards Agency centre. Aurora acquired the site in 2005 and had plans to transform the area into a leisure and retail park, anchored by a multiplex cinema. However, responding to changes in the market place, Aurora decided to alter the planning use for the scheme into trade counter units.

Jane Dobie, head of North West industrial for Knight Frank, advising Aurora, said: "To have secured a pre-let for one of the units demonstrates the significance of Aurora being flexible and listening to the shifting demands of the occupier. We are receiving strong interest for the remaining units in phase one and expect a similar response for the additional 60,000 sq ft warehouse, which would be suited to a variety of uses including cash and carry and self storage.

"The next phase of development will consist of seven units totalling in excess of 16,000 sq ft, which will include a mix of office and workspace. We believe there is pent up demand for quality units of this format in the area."

There is also seven acres of land available on the site to accommodate design and build opportunities.

Knight Frank and Richard Baddeley & Company are joint agents for the development.

Your Comments

Subscribe to our newsletter