UK Property

22,000 sq ft letting to restoration company in Bracknell


Richfords Fire and Flood has taken a 22,205 sq ft unit in Downmill Road, Bracknell.

Picton, advised by Haslams Surveyors and Colliers, let Unit 2 Zenith to the Redruth-based fire and damage and restoration specialist company on a 15-year lease at a headline rent of £15.50 per sq ft.

Richfords will use the unit as additional premises to serve London and the South East.

The detached building, a former data centre, has been extensively refurbished and now has two level-access loading doors and two-storey offices at the front.

It’s hi-spec refurbishment includes the introduction of solar panels and EV chargers. It now has an EPC A rating.

Haslams partner Ed Ponting said: “The letting to Richfords demonstrates the merit in landlords undertaking high quality speculative refurbishments, as occupiers continue to prefer prime buildings in the industrial sector.

“Picton was able to undertake extensive works to deliver a ‘like new’ building with top  environmental credentials. A decisive approach by the landlord team with no corners cut has resulted in a great deal within a limited void period.”  

Tim Hamlin, director of asset management at Picton, said: “Sustainability, and repurposing is a core focus for Picton, so being able to refurbish Zenith to the highest of standards, forms part of our company-wide strategy that we have also employed in offices.

“We are delighted to welcome Richfords to the building and hope they will have many productive years there.”

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