45,000 sq ft industrial scheme completes

Two speculative industrial units in Theale, totalling more than 45,000 sq ft, have been completed – and one is already under offer.

Total Developments has unveiled Total Park in Station Road, close to Junction 12 of the M4, which was consented in August 2019.

The units (one of 19,618 sq ft and one of 25,590 sq ft) each has a secure yard, allocated parking, first floor offices and customer reception.

They are EPC rated A and BREEAM Excellent. Unit 1 (19,618 sq ft) is already under offer to a local company while Unit 2 remains available for lease or purchase.

Neil Seager, partner at Haslams, joint letting agent with M1 Agency, said: “Total Developments is building a strong track record in successfully delivering high quality speculative development, on well located sites where there is a lack of supply such as Theale.

“It is great to get much-needed stock into the market. Let’s hope it is the start of a trend or the Thames Valley risks losing businesses in a sector that has, if anything, improved since lockdown.

“We are seeing companies take advantage of the accelerated spike in online retailing, and manufacturers and hi-tech businesses looking to ‘on shore’ in the lead up to Brexit.”

Edward Chantler, chief executive of Total Developments, said: “We see the M4 corridor lacking new and high-specification units for SMEs.

“We are delighted to add Total Park, Theale to our development portfolio as it offers the rare opportunity to cater for the lack of supply and pent-up demand in the region.

“It was also great to work on another scheme with Pioneer Design and Build and project manager C4 Projects.”

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