NEWS…NEWS…NEWS…NEWS…NEWS…NEWS…NEWS..

ON BEHALF OF SLOUGH ESTATES PLC

The Gateway Centre - Slough Estates plc are delighted to report the continuing success of their new development at High Wycombe. The Gateway Centre, which was only completed in November last year, has already attracted a considerable amount of interest with 90% of the buildings now either let or under offer. Many companies have been attracted to the scheme, due to the quality and flexibility of the buildings, and also to its convenient location, being within half a mile of Junction 4 of the M40. Slough report that recent lettings have been concluded to Star Trac UK Ltd, MicroRent plc and Culligan Water Treatment, the latter company having taken two units totalling some 22,000 sq.ft. on a fifteen year lease.

ON BEHALF OF MNOPF TRUSTEES LTD

Duncan & Bailey-Kennedy are pleased to announce the successful Letting of Unit 11 Wooburn Industrial Estate, Wooburn Green to ICM Support Services plc, who are a company specialising in "disaster recovery" services. The property comprises a modern warehouse/industrial unit of approximately 5,346 sq.ft. The property was let on a new full repairing and insuring lease expiring March 2004, at a rental of £40,000 per annum exclusive. Duncan & Bailey- Kennedy acted on behalf of the landlords as letting agents, whilst the tenants were represented by Seniors Chartered Surveyors.

SKILLBOND PLC ACQUIRES INDUSTRIAL INVESTMENT

Acting on behalf of a private property company, Insignia Richard Ellis have successfully completed an investment sale at High Wycombe. The property, at Halifax House, Coronation Road, Cressex Business Park, comprises 36,777 sq.ft. of industrial accommodation, and was sold to Skillbond plc for £1,200,000. Duncan & Bailey-Kennedy advised the purchaser.

ON BEHALF OF JARVIS HOTELS PLC

Merisant UK Ltd, the manufacturers of the sweetener, Canderel underlined their commitment to High Wycombe this month by acquiring Wye House, a new detached office building situated along the London Road. Wye House comprises 4,893 sq.ft. (455 sq.m) of good quality office accommodation, and was let to Merisant UK Ltd on a new full repairing and insuring co-terminus sub-lease expiring 2015, at a rental equating to £20.00 per sq.ft. exclusive. Duncan & Bailey-Kennedy acted on behalf of the existing tenants as letting agents. Merisant UK Ltd were represented by Slater Associates.

ON BEHALF OF COMLAND COMMERCIAL PLC

Duncan & Bailey-Kennedy are pleased to announce that the last two remaining units in the third stage of Mercury Park have been let before practical completion. The buildings were let to companies within the pharmaceutical and bio-tech industries, on fifteen year full repairing and insuring leases, at rentals equating to £29.50 per sq.ft. exclusive. Voyager, the largest of the two buildings at 10,320 sq.ft. was let to Affymetrix UK Ltd, whilst Gemini I, a building of 8,084 sq.ft. was let to Bracco UK Ltd. As with all the buildings at Mercury Park, the units have been constructed to a high standard, including air-conditioning, raised floors, Category II lighting and passenger lifts.

ACTING ON BEHALF OF SHIRE HOUSE PROPERTIES LTD

An unusual building, Red Lion House, a two-storey office building situated at the junction of Abbey Barn Road and London Road (A40), has a number of interesting features including exposed timber beams and a suspended walkway at first floor level. The premises comprise approximately 2,225 sq.ft. of office accommodation, and Multisense Communications, a leading Videoconferencing company took a full repairing and insuring lease for a term of ten years.

DUNCAN & BAILEY-KENNEDY - THE MAJOR FORCE FOR COMMERCIAL PROPERTY IN HIGH WYCOMBE