Go Outdoors takes 353,000 sq ft at Middlewich distribution centre

Delin Capital Asset Management, the pan-European logistics asset manager and developer, has signed a 353,000 sq ft letting at its distribution centre in Middlewich, with Go Outdoors, the UK’s biggest outdoor clothing and equipment retailer.

Go Outdoors will use the building to enable further sales growth following the company’s acquisition, two years ago, by Bury-based JD Sports.

The warehouse was acquired by Delin Capital in December 2013 and is located on the Midpoint 18 logistics park, close to junction 18 of the M6.

Go Outdoors has entered into a five-year lease, commencing this month. Following this letting, Delin Capital’s UK portfolio, a total of eight assets providing 1.75 million sq ft of high-quality logistics space, is 100% occupied.

Delin Capital was advised by B8 Real Estate and Knight Frank.

Go Outdoors was advised by JD Sports’ in-house real estate team.

Jonathan Gardner, Delin Capital’s head of asset management, said: “Securing Go Outdoors, an established, yet growing, UK retailer, as a tenant is a signficant coup for our UK team and we look forward to building a relationship with them.

“The transaction further demonstrates the continuing trend for online retail sales growth to filter through to sustained demand for UK logistics space.”

Giles Selby, head of property at JD Sports, added: “We are really pleased to have completed on this deal so quickly. We particularly appreciated the refreshingly straightforward approach shown by Delin Capital and its advisory team.”