Prologis Park Eastman Way, Hemel Hempstead – Consultancy Disposal, and Leasing Advice
Hemel Hempstead, HP2 7DU
In 2020 Levy Real Estate advised Cubic Estates on the redevelopment of the estate situated on Eastman Way in Hemel Hempstead and the lease structure to Cadogan Tate between 2017 and 2019. The advice subsequently prepared the property for a corporate sale.
Acting on behalf of the client Cubic Estates, Jeremy Grundy, Partner in the industrial team, advised in a structured shares sale which resulted in a real estate value of circa £26m. The 138,000 sq. ft. estate comprised six industrial units.
Units 1-3 were let to the removal business, Cadogan Tate, on a 25-year leases running from November 2019. The remaining three units were delivered as part of new scheme where Levy were retained as letting agents by Prologis. We are pleased to have successfully let all the remaining within the first 9 months following practical completion.
Please do contact the team, if you would like to discuss repositioning your property assets, or to discuss your urban logistics requirements in more detail.