BB&J Commercial complete letting of speculative office development.

BB&J Commercial are pleased to announce that they have completed the letting of Rutherford House to global company, Sotax Ltd, part of the Sotax Group on behalf of the owners and developers of the building, Hemsley Asset Management Ltd.

Rutherford House forms part of the Tomlinson Business Park in Foston and is situated directly adjacent to the A50 and therefore provides fantastic road communications to the A38, A52, M1 and M6 motorways.

After over eighteen months of struggling to let the speculatively constructed office building through various other agents, Hemsley Asset Management instructed BB&J Commercial as joint agents on the building and within the first two months of our instruction we were able to agree terms and instruct solicitors on a long-term letting with Sotax Ltd.

Graham Bancroft, Partner at BB&J Commercial said “Rutherford House provided a great opportunity for a business to have headquarter premises within a small high-tech business park.  When I initially spoke to Sotax Ltd regarding their property requirement it was in reference to another property, however, I knew straight away after discussing their requirement that we would be able to meet all of their needs at Rutherford House.”

“After showing Sotax round the property they could instantly see the potential of the space.  We were able to agree terms quickly and I am pleased that the transaction completed smoothly.  I am sure that due to the high-tech nature of their work they will fit in well with the other high-tech companies on the business park such as Carfulan Group, SYS Systems and Mediline Home Care.”

Ramsey Khinda, Head of Sales & Marketing Business Unit Europe, who headed up the move for Sotax Ltd said “After viewing Rutherford House I was sure that the property ticked all of the boxes for what we required, especially the accessibility to road networks.  The facility allows Sotax Ltd to offer best class to our customers within the pharmaceutical industries in Great Britain, Rep of Ireland and Scandinavia.  The idea of being situated on a large development didn’t appeal to us but we needed the modern features that a new build property offered.  Being part of this small business park suited us perfectly and we felt that the surrounding high-tech companies complemented what we do.”

Andrew Fulton, Director of Hemsley Asset Management said “We are very pleased to welcome Sotax Ltd as our tenant, we feel that they will fit in well on the development and we wish them well.  We were delighted with the deal put together by Graham at BB&J Commercial and the speed of the letting and we only wish that we had instructed him originally.”

If you have a property that you are struggling to let or dispose of and want some advice then please contact BB&J Commercial on either 01332 292825 or commercial@bbandj.co.uk