WELCOME HIGHS IN A YEAR OF NATIONAL & GLOBAL LOWS

It is almost a year since Carigiet Cowen moved from their former city centre base to newly refurbished offices at Telford House, Riverside, Warwick Road. Whilst the move has been straightforward, the well reported upheaval in both the economy and the commercial property market has been anything but.

Despite the general doom and gloom that has prevailed across many sectors, the team at Carigiet Cowen has remained focused on ensuring new and existing clients receive clear, appropriate and professional advice in a timely manner.

Notable successes during the last year include:-

Securing occupiers for in excess of 70,000 sq ft of industrial space at Kingmoor Park.
Negotiating the letting of the former Woolworths store in Carlisle city centre to Bargain Madness and also agreeing terms for Home Bargains to take 12,000 sq ft within the Earls Lane Shopping Centre.
Office deals to local firms BPD Zenith, SIJ Media and Hargraves Hale at Parkhouse Business Park, and Saint & Co and Gaynam King Mellor at Penrith 40
Minimising business rates and ground rent liabilities for a range of high profile local and national clients including The Stobart Group, Carrs Milling Industries, Kingmoor Park Properties and the Edinburgh Woollen Mill.
New management instructions at Carlyle's Court, Fisher Street and Earls Lane Shopping Centre, Lowther Street.

Richard Percival, who specialises in business space agency says "In challenging times it is essential that the expectations of both landlords/vendors and tenants/purchasers are realistically managed. We continue to work hard on behalf of our various clients to ensure their property assets are correctly balanced."

Co-Director Margaret Bushnell goes on to say "The retail sector has been particularly badly affected both nationally and locally and as yet there is little evidence of the green shoots of recovery creeping into the county. However, with large space lettings of the former Woolworths and Be-Wise units in the city centre, as well as smaller more locally orientated lettings on units such as the Old Town Hall, Cecil Street Antiques Centre and even the former Little Chef at Cardewlees, there is some cause for optimism."