Standard Life Investments Property lets biggest portfolio void at Rainham
Abrdn Property Income Trust Limited
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Standard Life Investments Property Income Trust has completed the letting of 1 Marsh Way, Rainham, it announced on Monday.
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The company said the 82,000 square foot industrial unit was its largest void, having been empty since last July following a lease expiry.
It said the property was let on a 15-year lease, with a tenant break option in the 10th year, at a starting rent of £636,200 per annum.
“Marsh Way Rainham was the biggest void in the portfolio, and we are pleased to have completed a new letting so quickly after it became vacant,” said fund manager Jason Baggaley.
“The property is well located, close to the A13 and 12 miles from central London, and received considerable interest from a range of occupiers.”