Industrial

New Frontier House fully let following joint marketing campaign by JLL and NG Chartered Surveyors

New Frontier House has been fully let to Graphic Packaging International on a 15-year lease, following a successful marketing campaign run by joint agents JLL and NG Chartered Surveyors.

The 77,300 sq ft industrial and logistics property on Interlink Business Park in Bardon Hill, Leicestershire, drew strong occupier interest, underlining continued demand for high-quality warehouse space across the East Midlands.

The distribution facility was constructed in 1999 and comprises a purpose-built, single-storey warehouse with two-storey office accommodation. Following a long period of occupation by the previous Tenant, dating back to the original date of construction, a significant programme of repair, reinstatement and renewal was required. This programme of works was carefully procured in order to restore the building to a good standard of repair and to align with market expectation. The works accordingly further strengthened the appeal of the unit, reflecting the current premium on high-quality, refurbished space. The letting was agreed with immediate effect upon practical completion, resulting in a nil void period, a clear indicator of the strength of occupier demand in this market.

Charlotte Steggles, director at NG Chartered Surveyors, said: “The successful letting of New Frontier House shows that demand for well-located, modern industrial accommodation remains extremely strong. Occupiers continue to prioritise quality space that supports operational efficiency and future growth, and this property ticked every box. It shows that where landlords are willing to invest in modernising their stock, they reap the rewards with minimal void periods and headline rents.

“Despite wider economic uncertainty, the market for good quality logistics and warehouse space continues to show real resilience.”

Gemma Constantinou (Director at JLL Industrial and Logistics Midland’s team) added:

“We’re delighted to have negotiated this deal to Graphic Packaging International, marking their expansion within the Interlink Business Park. This demonstrates their confidence in both the East Midlands’ location and the quality of accommodation available.

“JLL’s Building Surveying team successfully project managed the project works to New Frontier House on behalf of the landlord, the scope of which included restoration of the roof cladding, renewal of the roof lights, removal of the former Tenant’s sub-division to create an open-span warehouse configuration, improving the EPC rating, and enhancing staff welfare facilities to modern standards.

“The landlord’s investment in this refurbishment programme proved instrumental in securing this letting at practical completion, highlighting that strategic capital investment in quality industrial stock delivers tangible results in today’s competitive market. We wish Graphic Packaging every success with their continued growth.”

Ben Wilkinson (Director at JLL Midland’s Building Surveying team) added: “We are very pleased to have been able to lead the delivery of this project and to have assisted our client in securing the new letting to Graphic Packaging. Our team has relished the multiple challenges which were posed at the outset, including the need to address extensive disrepair, improve the environmental performance of the asset and to ultimately return the property to the high standard expected by the market.”