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Proposed New Tenant for Foxcover25 February 2008
We are proud to announce that the 130,000 sq ft unit held by our Foxcover Development Syndicate has generated some interest from Cumbrian Holdings Limited, the trading parent of the Cumbrian Group. Cumbrian Holdings Limited provide a range of fresh fish and seafood products to some of the UK’s leading retailers. As a labour intensive production company it is also likely to provide increased employment in and around the area.
Cumbrian Holdings Limited has recently acquired a lease at a neighbouring unit within the Foxcover Distribution Park, and is looking to acquire a lease on our unit. Although the terms have not yet been finalised, it is expected that the property will be let out at a rate of £4.75 per sq ft.
We think this is a very positive move for the Syndicate as a whole, and although the tenancy has not yet been agreed, members of the Syndicate are currently voting on this issue.
Watch this space for further details.
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