Lambert Smith Hampton - Industrial Letting - Gloucester, Gloucestershire

Date: 20 May 2008

On behalf of Land Securities Trillium (LST), national commercial property consultancy, Lambert Smith Hampton (LSH), has sublet unit 26/27 Central Way, Cheltenham Trade Park in Gloucester to Gordano Support Group Limited. The 7,476 sq ft property comprises a semi-detached industrial unit with a two storey office pod.

The subtenant, Gordano Support Group Limited, is one of the UK's leading manufacturers and suppliers of custom designed packaging, packing and logistics solutions to industry. Gordano currently houses its head quarters in Clevedon, North Somerset and occupies industrial properties in both Cheltenham and Reading. Unit 26/27 Central Way, Cheltenham Trade Park further adds to Gordano's current portfolio.

Tim Beare, Surveyor at LSH's Bristol office, commented: "This site offers good quality warehouse accommodation with office space on the ground and first floor. The property is approximately one mile to the west of Cheltenham town centre and three miles from the M5. Cheltenham remains a great location for occupiers and many national and regional businesses benefit from its available workforce and excellent links to the UK's national network."

Gordano has a full repairing and insuring sublease for the remainder of the existing tenant's term, due to expire in 2014. The passing rent is currently £41,500 per annum, equating to £5.55 per sq ft.

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