Worcestershire market set for 2012 take-off (From Kidderminster Shuttle)

Worcestershire market set for 2012 take-off

6:40am Monday 26th March 2012 in Property News

The Worcestershire office market is set to take off in 2012, following the largest office letting in the county for five years, according to a leading Worcestershire commercial property consultant.

John Dillon, managing director of Bromsgrove-based JP Dillon Commercial Property Consultants, says that the letting of more than 14,000 sq ft of office space at Avon House in Bromsgrove, secured by his agency, sets up the whole office market for a strong performance throughout the rest of the year.

Mr Dillon’s confidence is backed up by the fourth quarter of 2011 office lettings statistics for Worcestershire which show, that at more than 39,000 sq ft, the final quarter performance was the best of the year with more than twice as much office space being let than in the previous three months.

Acting on behalf of Real Estate Investors, JP Dillon Commercial Property Consultants let 14,446 sq ft of office space at Avon House, Buntsford Gate Business Park, Bromsgrove, B60 4JE, to AFH Financial Group on a new 11 year lease. AFH Financial Group agreed to take the ground and first floors of Avon House, with first refusal to take a further floor in the future.

Paul Bassi, chief executive of Real Estate Investors, said: “I am delighted to have such a prestigious company as AFH Financial Group as tenants.”