By Liza Helps, Property Editor, Logistics Matters

PHARMACEUTICAL COMPANY Pharmacy Today has taken a 9,711 ft2 unit for storage and distribution of pharmaceutical products while building, gas and appliance services business Regan Mechanical Services has taken a 4,705 ft2 unit to support its growth. Both deals were concluded within one month.

Savills which supported the transactions on behalf of landlord Mileway said “The transactions, which completed within one month, underline continued occupier demand for well-located industrial space in the city.”

Joint agent Matt Jackson of LSH, added: “In a market where occupational activity remains relatively subdued, these two lettings at Seacroft Industrial Estate highlight the continued confidence that both regional and national occupiers have in established industrial locations. Whilst occupiers are generally taking longer to make decisions amid ongoing economic uncertainty, well-refurbished units ready for immediate occupation continue to attract strong occupier demand. We now have just one unit remaining at Seacroft Industrial Estate which is already generating strong levels of interest.”

In its latest mid-box research report Savills noted that available supply for midbox facilities in Leeds had fallen year-on-year and 40% of available stock was currently under offer, further reducing occupier choice.