Online retail drives property demand

Western Post UK has moved into Solar Park in Solihull

Demand for property to service the online retail sector continues to be high after the latest letting at the heart of the West Midlands transport network.

Online fulfilment company Western Post UK has agreed a 15-year deal for 67,800 sq ft at Solar Park in Solihull. The property, which was recently refurbished after John Lewis moved out, is close to the M42 and Birmingham Airport.

GVA’s Chris Kershaw said: “The ongoing demand for mid-sized units is proving to be a sustainable trend.”

GVA acted on the deal on behalf of Aberdeen Standard Investments, which was agreed at “close to” the quoting rent of £7 per sq ft.

The letting includes additional land which can be used to accommodate future expansion of the building or provide more HGV parking, subject to planning consent.

Kershaw added: “Solar Park is a premier division, 21 acre, 285,000 sq ft estate which has seen significant rental growth over the last few years.”

Alongside the warehouse space, which is fitted with 13 dock level loading doors, the unit features a separate loading yard, staff parking for 160 vehicles, and fully fitted office accommodation across two floors.

Click here to sign up to receive our new South West business news...
Close