The unit is currently rented by Daher Aerospace Limited for £400,060 per annum.

 

Commenting on the acquisition, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company’s discretionary investment manager), said: “We are delighted to have acquired this modern unit located in the developing logistics and distribution corridor of the A50.

 

“There is significant demand in the Midlands for high quality industrial units with good communication links. Given the affordable level of passing rent and the increasing cost of development limiting the supply of competing space, we expect this demand to lead to rental growth at the September 2021 rent review.”

 

______________

 

 

When the industrial unit becomes open to new tenants, whether that’s in 2031 or in 2021 after the rent review, it will doubtless be in high demand from different companies in different industries. 

 

Many people think of clocking in and out as something which only applies to factory and warehouse workers, or only to people who are paid by the hour. While it is certainly vital in those circumstances, at Time and Attendance Midlands we believe it has its place in salaried office work, too. 

 

For example, it helps to quantify lateness. Many managers know little more than “this staff member is always late”. 

 

This is difficult to understand or to act upon, whereas if they had to clock in every time using our flagship WinTA.NET software, the manager could show the employee a colourful, graphical display which clearly showed, for example, that they were late every Tuesday and Thursday after lunch. This opens up opportunities for discussion.

 

Our time and attendance software can be set up to send alerts to the managers once lateness or absences have hit a certain threshold, so the manager can stop worrying on a daily basis.