Delin Property, the fully integrated warehouse specialist, has signed a long-term lease for third-party logistics provider Lloyd Fraser to occupy its 163,000 square-foot crossdock warehouse in Europe’s largest logistics and distribution hub, in the Midlands region of the K.
The property, XDock 163, is in Lutterworth’s Magna Park in the centre of the area known by the logistics and distribution industry as the ‘Golden Triangle’ because of its ease of access onto the nearby M1, M6 and M69 motorways, which puts 85% of the UK’s population within 4 ½-hours’ reach.
Delin Property owns five BigBox warehouses in strategic locations for the U.K. supply chain providing a total gross lettable area of around 1.17 million sq.ft. The company owns properties in Spain and the Netherlands as well as managing a portfolio of assets in its Dutch Core /Core Plus Logistics Fund on behalf of institutional clients.
Duncan Jarvis, Head of Portfolio Management at Delin Property, said: “We’re delighted to welcome Lloyd Fraser as a new customer. This is a great outcome for our UK portfolio and underscores the quality and location of this property. We signed at an attractive rent with Lloyd Fraser utilising the existing racking and fit-out as a plug and play solution, limiting how long the property stood empty after the previous occupier vacated it in the first quarter of this year.”
XDock 163 features 22 dock doors and three level access doors. Inside, the property has a 12.5m clear height, with the storage potential for 17,000 pallets, 360-degree circulation for heavy good vehicles and a low 40% site cover.
Lambert Smith Hampton and Carter Jonas advised Delin Property.
Add a Comment
No messages on this article yet