Expansion for Peterborough engineering company

An engineering company is Peterborough is expanding its operations.

Wednesday, 4th December 2019, 2:00 pm
Unit 19d has been snapped up by EF Engineering

E F Engineering has just agreed a new lease on an extra unit at Axis Park on Manasty Road, in Orton Southgate.

The company, which provides a range of specialist engineering services, has agreed to a new five-year lease for an additional 2,768 sq ft at unit 19D.

The business is already based on Axis Park and its new expansion will leave it occupying a total of 12,780 sq ft across two units.

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The lease was agreed by Aberdeen UK Property Fund, advised jointly by Savills and Richardson’s.

The deal is the latest move at the park since the launch of eight new-build units.

Edward Gee, associate director in the business space team at Savills Peterborough, said: “This latest transaction follows a deal to Metro Rod which completed earlier this year.

“As a result, there are now only a small number of units available to let at a starting quoting rent of £7.50 per sq ft.

He added: “Axis Park provides good quality warehouse accommodation in the well-established commercial location of Orton Southgate.”