With its proximity to Heathrow, Hayes is a popular location for a wide range of companies. It also has an active market in terms of letting and investment. One of the latest, and largest, potential transactions is the multi let 20,066 sq.metres (216,000 sq.ft.) Hyde Park office development which LaSalle Investment Management has put up for sale through Jones Lang LaSalle for over £26.65 million, a yield of 8%.
Another deal in Hayes is the letting of Highcross‘ 3,319 sq.metres (35,723 sq.ft.) distribution unit at Clayton Road to the logistics company Circle Express through Colliers International in conjunction with BNP Paribas and King Sturge. Joshua Pater of Colliers said: ”We are positive that this represents a sustained increase in demand for flexible warehousing along the Heathrow Corridor.”
Colliers was also involved in the sale of another nearby property, the 4,155 sq.metres (44,724 sq.ft.) warehouse at Hampton Farm Industrial Estate, Middlesex to Dewhurst, a supplier of components to the lift, keypad and rail industries.
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