CAMBRIDGE, ENGLAND, October 08, 2009
/24-7PressRelease/ -- Acting on behalf of Smurfit Kappa Corrugated UK Limited, Lambert Smith Hampton's Cambridge office has negotiated a surrender of their existing lease at Units 4&5 Lime Grove Industrial Estate in Haverhill to enable a new lease to be granted to BFS Pressroom Solutions Limited.
Units 4&5 Lime Grove Industrial Estate comprises a modern industrial unit extending to 15,449 sq ft. BFS Pressroom Solutions initially showed interest in sub-letting the property but agreed to take a longer term to facilitate the surrender deal disposing of the leasehold liability held by Smurfit Kappa Corrugated UK Limited.
Commenting, Nick Thompson of Lambert Smith Hampton (LSH) said: "In the current market we are dealing with a number of this style of transaction. Landlords are proving very receptive to securing a new tenant on a longer lease term than is remaining on their current lease. It also means that the original tenant can walk away losing all liability of a property which is surplus to their requirements."
BFS Pressroom Solutions were already located in Haverhill and this transaction has enabled them to move into larger premises allowing growth of their business.
Lambert Smith Hampton (LSH)
Lambert Smith Hampton' Cambridge office is a member of the Elite Cambridge Business Circle.
LSH is a leading commercial property consultancy with an unrivalled national network focused on the UK and Ireland property markets. Its expert teams deliver a full spectrum of transactional and consultancy services and business-driven solutions for clients. LSH is the 'UK's most active national agent' and 'Top National Office and Industrial Agent' (Estates Gazette's 'EGi Deals Competition').
Lambert Smith Hampton's (LSH) Cambridge office is a commercial property consultancy providing property services and advice in Cambridge, the surrounding area and nationally. With LSH clients have the added advantage of each office being backed by the strength of a national office network. For clients, this means 10 key divisions and over 850 professional staff working together to address the commercial property difficulties you may face, anywhere in the UK.
6 Wellbrook Court
Girton Road
Cambridge
CB3 0NA
UK
Tel: + 44 (0) 122 327 6336
Fax: + 44 (0) 122 327 6226
http://www.lsh.co.uk
For more information contact:
Nick Thompson
Surveyor
Lambert Smith Hampton
Tel: 01223 276336
Email: nthompson@lsh.co.uk
Anna Silkstone
PR Coordinator (East Region)
Lambert Smith Hampton
Tel: 01727 834234
Email: asilkstone@lsh.co.uk
Issued by:
Murdoch MacDonald
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