12 Jan 26
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Commercial
22.8% rental uplift achieved for the landlord
Clipstone Investment Management, advised by Curchod & Co, has secured a ten-year lease renewal with Smurfit Kappa (WestRock) at 4 Blackwater Park in Aldershot, Hampshire.
The renewal of the 66,554 sq ft industrial unit marks a continued commitment from the global packaging company, with a notable 22.8% increase in rent agreed. The uplift reflects ongoing demand for high-quality industrial accommodation across the Blackwater Valley, driven by excellent connectivity and the limited supply of modern units of this scale.
Nick Reeve, Partner at Curchod & Co, commented: “Lease renewals of this scale require careful preparation and a strategic approach to negotiation and we were pleased to work closely with the client to ensure the asset continues to perform strongly in a competitive market.”
The tenant was represented by Knight Frank. The property, located on Holder Road, offers swift access to the M3, A3 and M25 motorways, making it a key strategic location for regional distribution and logistics operations.
As a locally based commercial property advisor, Curchod & Co was able to draw on its in-depth understanding of market dynamics and regional tenant demand to support the landlord in achieving a strong rental uplift. This kind of market insight is essential for landlords, asset managers and occupiers navigating lease events in competitive sub-markets. For further information, please get in touch with Nick Reeve on 01252 710822.
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