Summit Point Snapped Up by Centrica

Following the recent acquisition of a high quality industrial unit at Hamilton International Park, HF Developments' recently appointed joint agents Cushman & Wakefield, DTZ and Lambert Smith have let the building to leading gas and electricity supplier Centrica.

Situated at the highest point in the Park, the 25,000 sq ft unit had been re-branded and launched in April as Summit Point. The building provides 18,661 sq ft (1,734 sq m) of high quality warehouse or production space, with 6,428 sq ft (597 sq m) of modern office accommodation, secure yardage and dedicated car parking, and will be used by Centrica as a regional training centre.

Mark Lycett, Estates Manager, explained why Centrica chose Hamilton International Park "Our goal was to find a high quality business location which would provide the necessary amenities for the Trainee Engineers and the Academy Staff. Hamilton's excellent location, coupled with the quality of accommodation and facilities available, presented the perfect opportunity for us to expand."

One of Scotland's leading business locations, Hamilton International Park is enjoying one of it's most successful years to date, with the Centrica deal coming hot on the heels of recent office lettings to Carillion and First Engineering (now Babcock Rail). The letting takes the total space let by HF Developments at the Park this year to date to 119,000 sq ft.

Development Director Stephen Lewis, is clear as to the reasons for the Park's success.

"As both developer and Landlord, our tenants are at the heart of everything we do, and we look at every property in our portfolio from the tenant's perspective. Years of heavy investment in improving the working environment and experience for the 4,000 employees at Hamilton International Park has proven a key contributor in attracting further tenants to the Park.

"The Retail Parade is trading well, and we have seen an encouraging rise in the level of take up in our free bus pass scheme.

Stuart Gibson, Associate at Cushman & Wakefield, commented - "Both myself and my joint agents at DTZ and Lambert Smith Hampton had been delighted with the early success in letting the unit so soon after being instructed by HF Developments. We were able to secure the deal within 16 weeks of receiving initial instructions. Our principle marketing material had only just been released when the deal was passed into legal hands."

Centrica were represented by Steven McLachlan at Atisreal who confirmed that Summit Point represented exactly the type of property and flexibility of deal that his client had been seeking.

Ends

Notes to Editors: Hamilton International Park

An established, dynamic business location, Hamilton International Park is home to a number of blue chip companies including ScottishPower, First Engineering, HSBC, First Direct, Scottish & Universal Newspapers and many more. Over 4,000 people are employed on site. Park Developers HFD are expanding the range of flexible, high quality office accommodation to further support the Park's future growth.

The Park is centrally located in the heart of Scotland, approximately 13 miles south east of Glasgow City Centre. It is served by the A725 East Kilbride Expressway, which provides quick and easy access to the M8 (Glasgow & Edinburgh) and M74 (Carlisle & the South) motorway networks. DTZ, Lambert Smith Hampton and Cushman & Wakefield are retained letting agents for the available office accommodation at Hamilton International Park.