Dunmoore stars at trade counter scheme in Banbury
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.
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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.