Bumper lettings on Pensnett Estate

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A Black Country industrial estate has signed a trio of new lettings.

Milton Cable Management Systems has agreed a ten-year deal for Building G at Prime Point, on the Pensnett Estate in Kingswinford, making this speculative development fully let.

The 24,505 sq ft unit will be used for the new business, which is part of the Hudson Group that operates RMS Cable Management in Hampshire and ArmorDuct Systems, also based on The Pensnett Estate.

Ground Investigation & Piling is a geoenvironmental and geotechnical engineering company and has signed a five-year lease for a 5,000 sq ft unit in Building 6 as it relocates from Wolverhampton where it has been based for the past 20 years.

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The final letting is wholesaler JL Drinks which has signed a five-year lease for Building 18, a 13,053 sq ft unit.

Simon Hudson-Smith, owner of the Hudson Group, said: “The new unit will house Milton Cable Management Systems which has been created to manufacture and market a cable basket system that we believe is under-utilised but has huge potential and it will also give us the opportunity to expand.

“Some of the staff from ArmorDuct will transfer over but I hope over the next two to three years that we can create between 20 and 30 jobs.”

Julian Hughes, managing director of Ground Investigation & Piling, said: “The new premises are part of a geo-hub that we are setting up for our staff to use as a mix of home, site and office working promoted in part by the pandemic.

“We are mostly a cloud-based operation, other than the drilling, so the unit at The Pensnett Estate will be a space for folks to meet, log, prep test, as well as giving the younger geologists the opportunity to have the mentoring structure that has been difficult over the pandemic.”

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Paula James, industrial lettings manager with the estate’s landlord London and Cambridge Properties, said: “The industrial property market is at its peak and the take up is the best I have seen in 20 years of being involved in the property letting market which is why we are seeing voids on The Pensnett Estate at under one per cent.

“These lettings, after a very challenging 16 months, demonstrate that there is significant demand for good-quality industrial units in the region.”