Geldards advise Clowes Developments on lease for Scientific Laboratory Supplies at Fairham Business Park
Geldards has successfully advised Clowes Developments on a long-term letting to major laboratory equipment suppliers Scientific Laboratory Supplies (SLS) of a purpose-built 56,000 sq ft unit at Fairham Business Park.
Fairham Business Park offers one million square feet of purpose-built commercial space in a flagship new neighbourhood close to transport links and minutes from the centre of Nottingham. As well as offering prime logistic facilities, the new Fairham will include 3,000 new homes and a neighbourhood centre.
Only the fourth business to snap up keys to the new state of the art Business Park, SLS was established in 1991 and has grown into the UK’s largest independent supplier of laboratory equipment, chemicals and consumables necessitating a move into larger premises.
SLS’s purpose-built 56,000 sq ft unit on Fairham Business Park recently achieved practical completion by lead contractor TanRo and is currently being fitted out by SLS with plans to be fully operational from early 2024.
Geldards advised Clowes on the build agreement for the lease, led by Derby based partner Heather Dixon, who heads up the industrial and logistics team, supported by construction partner Chris Hawrylak.
Commenting on the deal, Heather Dixon said;
“Fairham Business Park is an exciting new development for the region, offering new employment opportunities and superb logistics facilities and Geldards was pleased to collaborate with Clowes, TanRo and the wider professional team to secure this latest lease to SLS. We have been involved with the development of Fairham Business Park from the outset and it is extremely satisfying to get to the point where occupiers collect keys to this new state of the art commercial space.”
“This deal is very much a reflection of the current I&L market with occupiers looking to expand their distribution facilities to meet growing demand by securing purpose-built facilities with great transport connectivity and access to the local employment market.”
James Richards, Director at Clowes Developments added:
“Our consistent team of professional delivery partners have once again pulled the deal with SLS out the bag. This transaction ran smoothly and we handed the building over to the client according to a tight schedule. We have been working with Heather and her expert team of legal advisors at Geldards for quite some time now, they always deliver.”