Squarestone Asset Management said it has filled all the units at Aspect Business Park, in Nottingham, following what it called a flurry of deals at the end of 2020 and a letting this month.
The park – bought for £7 million on behalf of Squarestone Growth in December 2017 – is now fully let following the letting of a further 5,300 sq ft to the NHS which had previously taken 10,500 sq ft of space there.
These deals follow the letting of 8,400 sq ft to Multi Packaging Solutions in July.
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Aspect Business Park provides office space near the well-established Blenheim commercial area and 1.5 miles from Junction 26 of the M1.
Other tenants include Land and New Homes, Gleeson Developments, and Homeserve, and Squarestone also runs a business centre on the park which is almost fully occupied.
Squarestone said there was a waiting list of small tenants wanting to access the park.
Squarestone founding partner Paul Coulter said: “We are thrilled that Aspect Business Park is fully let.
“When we acquired the park three years ago, we were attracted by the high quality of the space and its strategic location close to both amenities and the M1 motorway.
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“With ample car parking and good security, we knew we could use our skills to transform the park.
“What is clear in today’s market is that tenant demand is for high quality space, car parking, amenity provision, and flexible leases with affordable rents.
“Despite the negative press surrounding the future of offices, we are confident that by offering the market a quality, but affordable product, deals can still be done.
“Squarestone has demonstrated in 2020 throughout the pandemic a resilient approach to strategic asset management, resulting in a record take-up and our lowest void.
“We expect this will continue in 2021.”
He said that when they acquired the site in 2017, one 3,000 sq ft pavilion had never been let since construction in 2007.
Squarestone modernised it and used its marketing and asset management expertise to let it to Land & New Homes.
A re-organisation of the car park also made access easier.