Hawtin Secures Abercynon Letting (2201Z)

TIDMHTI

RNS Number : 2201Z

Hawtin PLC

11 January 2011

HAWTIN PLC

HAWTIN SECURES ABERCYNON LETTING

Hawtin PLC ("Hawtin" or "the Company"), the South Wales based property investment group is pleased to announce that it has let the whole of The Gateway, a 59,298 sq ft industrial/warehouse development in Abercynon, South Wales.

Furniture Origins (UK) Limited, one of the largest furniture and glassware manufacturers in the world - has taken a 10-year lease on the entire building at a rent rising to GBP200,000 pa by year five.

With this letting Hawtin has reduced the voids across its 1.3 million sq ft industrial portfolio to just 1.6%.

Richard Hayward, CEO of Hawtin commented: "We have worked extremely hard over the last couple of years to reduce our industrial void rates and are delighted with the progress we have made. Securing a letting for the entire building is fantastic and shows the quality of assets in our portfolio. We are now looking to secure further deals on the remaining space in our portfolio to further improve our position."

The letting agents were DTZ, Cooke & Arkwright and Richard Hayward Properties.

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Enquiries:

 
 Hawtin PLC 
 Bob Carlton-Porter, Chairman            Tel: [phone] 
 Nicola Crickmore, Company Secretary 
 
 Seymour Pierce Limited 
 Guy Peters / David Foreman (Corporate   Tel: [phone] 
  Finance) 
 Richard Redmayne (Corporate Broking) 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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