Element Materials Technology agree to record rent at Rotherham warehouse

Property consultancy Commercial Property Partners LLP (CPP) has let Unit 3 Magna Way in Rotherham, for a record rent of £5.95 per square foot for an existing unit.

Unit 3, situated on Magna Business Park, a 19-acre scheme with both industrial and office space, offers a warehouse with ancillary offices, dedicated parking area and a secured service yard.

The 16,975 sqft warehouse was let to Element Materials Technology Sheffield Ltd, which specialise in materials testing and product qualification testing for the industrial sector.

Ed Norris, partner at CPP, said: “Despite the current political climate, we received a significant level of interest for this property, and the high rent we subsequently secured proves the current demand and ongoing confidence within the area.

“We wish the new tenants every success in their new premises”.

Colliers International acted for the tenant.