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| 06.06.07 CAPABILITY GREEN PROJECT COMPLETE SALES at a pioneering new office scheme close to Luton Airport have taken off this year - an indication of the shortage of modern,freehold commercial properties available in the area.Business Homes, one of theUK's leading developers of small business units, is celebrating the completion of its Capability Green development. Seven out of the 11 units have now sold, which reflects the strong demand for these high quality two-storey properties. The other four buildings, which range from 2,648 sq ft to 6,165 sq ft, are available on either a freehold or leasehold basis priced at £275 psf and £22.50 psf, respectively. Jonathan Houlston, Business Homes' development director, said: "We have been surprised by the high levels of interest in Capability Green, but the quality of build and services provided have secured the deals with investors and owner-occupiers, together with the merits of its location." The development benefits from excellent links to the motorway network: it is just two minutes from J10A of the Ml and 10 miles from the M25. The new owner-occupiers featurea diverse range of businesses which were looking to secure high quality premises on a freehold basis. They include PRG Schultz Ltd, a world leader in recovery auditing and a leading profit improvement firm; Wealth Matters, independent financial advisors; and Toomey Opticar, which provides online driver management systems as part of an overall fleet strategy. Paul Plant, finance director of Toomey Opticar, said: "Finding the right offices in the right location, with room for future expansion fuelled our decision to invest in Capability Green. "The units are built and finished to a very high specification and feature state-of-the-art security systems and air conditioning. "Having the latest IT and telecoms cabling solutions, plus excellent car parking facilities, all as standard features, was another bonus."Business Homes is currently developing similar schemes at 25 prime locations around the UK. including Elstree and Stevenage. Property agents Jones Lang LaSalle and Savills are marketing |
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