Dunmoore’s Banbury trade counter now full let

Dunmoore, the UK real estate investment and development company, has fully let its trade counter scheme in Banbury, after agreeing terms for the final two vacant units.

Crown Paints and Wooden Floor Store have both agreed terms at the 20,000 sq ft scheme at Marley Way, which is considered the town’s principal trade location and is home to occupiers including B&Q, Halfords, Homebase, GSF, Toolstation, Rexel, Grahams and Tile Giant.

The estate was acquired by Dunmoore in April 2016 and has been transformed from a tired, secondary industrial location into a prime trade counter destination, becoming part of the company’s growing Made for Trade-branded trade counter portfolio.

The transformation involved a comprehensive refurbishment of the estate, which included a render and cedar external finish and the installation of glazed trade screens. Significant asset management was also undertaken with the surrender and reletting of three of the units, leading to a much-improved tenant line up.

Letting agents were Rapleys and White Commercial.

Andrew Scott, investment surveyor at Dunmoore, says: “Securing these final lettings at Marley Way concludes what has been an extremely successful business plan, which has seen the estate completely transformed in a relatively short period of time since acquisition.

“We have not only improved the appearance of the estate dramatically but also the tenant profile on the terrace with some hands-on asset management, which has created one of the area’s top trade destinations”.