News Article

10/10/2008 - LETTINGS HAT TRICK FOR HARVEY'S
Despite the negative economic climate, the experienced team at industrial property specialists William Harvey & Co. is continuing to make deals happen in more testing market conditions.

The agency has recently secured deals with the lettings of Unit J Furry Park, Santry, extending to 1,700 sq m, to Magnetic Solutions, Unit H1 Greenogue Business Park, extending to 1,837 sq m, to Catering Disposables and Unit F6/Part F5 Calmount Park, extending to 735 sq m, to Publicity Mailing.

The agency is currently experiencing a far higher percentage of leasing transactions when compared with previous years due to lack of availability of finance. However, William Harvey & Co. predict that this trend will be short lived with many indigenous occupiers intending to purchase when bank lending conditions have stabilised. Many current letting transactions taking place are for periods of less than 4 years 9 months, when previously these would not have been considered by Landlords. Many Landlords are now taking the view that this is a better course of action than selling at a reduced price.