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| 02.07.08 OCCUPIERS RAISE THE ROOFS AT CENTENNIAL BUSINESS PARK Business Homes, one of the UK's premier developers of office units, celebrated the roofsgoing on its development at Centennial Business Park in Elstree with two of its anchor tenants along to witness the progress. The 3.5 acre scheme has already seen Passion Sports Ltd, the UK distributors for Rocket Dog a leading casual footwear brand and Pan Trade, an international trading and marketing consultancy dealing in exports of farm machinery, snap up the first two units during the first stage of construction. Passion Sports has purchased unit nine, 3,043 sq.ft. Pan Trade has purchased unit 5 and both are eagerly awaiting practical completion scheduled for summer 2008. Tony Greenfield, managing director at Passion Sports Ltd said, "We were attracted to the buildings at Centennial Business Park due to its ideal Hertfordshire location, closely linked to London which isn't too far from our previous headquarters in Edgware". Mr Shah managing director at Pan Trade continued, "In an area where there is a shortage of quality office units, the Business Homes' development is the only one that suits our requirements perfectly. Also it is ideally located to the Ml, Al, M25 motorway network. The units at the Centennial Business Park are not only fitted with impressive state of the art audio and CCTV security system, they also benefit from a high speed internet connection'. The 13 building development, which has been launched as a joint venture with locally based Slough Estates, was chosen by Business Homes to help alleviate the shortage of freehold commercial space along the Ml corridor. James Weedon, managing director for Business Homes South explained, "Following the high level of interest, we realised there was a definite gap in the market for high specification office units in the Hertfordshire area. The speed at which Pan Trade and Passion Sports Ltd committed to the park and the strong interest in the remaining buildings indicate that the development will be a great success." Centennial Business Park is situated just off junction four of the M1. Lambert Smith Hampton and Jones Lang LaSalles are marketing the remaining eight buildings with purchase prices starting from £430,000 for 1,324 sq ft and letting prices £21.50 per sq ft. (1 to r) Mr Shah ofPantrade, James Weedon, Managing Director of Business Homes South and Tony Greenfield of Passion Sports Ltd |
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