Demand for industrial
and logistics space continues to grow apace as occupiers line up to take large,
long-term leases across the country despite, or sometimes because of, the
fulfilment company James & James is again under offer to occupy a 197,000
sq ft Northampton warehouse, after an earlier deal fell through at the end of
& James was under offer at Liberty 196 on the Brackmills Industrial Estate
at the start of December, as revealed by Property
Week, and was understood to have agreed a rent of £6.75/sq ft.
it walked away from that transaction just before Christmas.
deal is successful this time round, the business will move from its existing
Liliput Road site, also on the Brackmills Industrial Estate.
estate’s other occupiers include DHL, Wickes and Asda.
speculatively built Liberty 196 warehouse is owned by Equation Properties and
Prologis. The latter acquired original owner Liberty Property Trust in
Realty and DTRE are acting for Equation and Prologis. All parties declined to
third-party logistics operator Bleckmann has taken a 10-year lease on a 186,000
sq ft warehouse at Gazeley’s 550-acre Magna Park Lutterworth.
comes as fashion and lifestyle retailers continue to look for industrial space
to store a glut of stock from overseas ordered before the coronavirus lockdown.
this month, Property Week revealed that sofa retailer DFS had taken 150,000
sq ft of space at Logistics North in Bolton, while budget fashion
retailer Primark appointed Savills to find 400,000 sq ft of space, in both
cases to store excess stock.
has rented up to 40% more warehouse space in reaction to the coronavirus.