Dunmoore stars at trade counter scheme in Banbury
Dunmoore, the UK real estate investment and development company, has fully let its trade counter scheme in Banbury, after agreeing terms for the final two vacant units.
Crown Paints and Wooden Floor Store have both agreed terms at the 20,000 sq ft scheme at Marley Way, a principal Banbury trade location and home to B&Q, Halfords, Homebase, GSF, Toolstation, Rexel, Grahams and Tile Giant.
The estate was acquired by Dunmoore in April 2016 and has been transformed from an ageing, secondary industrial location into a trade counter scheme, becoming part of the company’s growing Made for Trade-branded trade counter portfolio.
Andrew Scott, investment surveyor at Dunmoore, said: “Securing these final lettings at Marley Way concludes what has been an extremely successful business plan, which has seen the estate completely transformed in a relatively short period of time since acquisition.
“We have not only improved the appearance of the estate dramatically but also the tenant profile on the terrace with some hands-on asset management, which has created one of the area’s top trade destinations."
The transformation involved a comprehensive refurbishment of the estate, which included a render and cedar external finish and the installation of glazed trade screens.
Significant asset management was also undertaken with the surrender and re-letting of three of the units, leading to a much- improved tenant line up.
Letting agents were Rapleys and White Commercial.