Global manufacturer signs up for final phase of Leicester Distribution Park
Developer Graftongate has revealed the first letting in the final phase of development at the 45-acre Leicester Distribution Park (LEDP), a joint venture with Blackrock.
Piping Rock, a manufacturer and supplier of health products, has signed a 10-year lease on Unit 8, a newly-built, 75,000 sq ft speculative distribution unit. The letting marks the US health product giant’s expansion in the UK market.
The final phase three of LEDP will deliver four new distribution and logistics units with a combined area of 300,000 sq ft.
Graftongate and BlackRock developed four units with a total area of 400,000 sq ft during the first two phases of the scheme, for established occupiers including Samworth Brothers, Power Towers, Company Shop Group and Leicester Tissue Company.
The completed scheme will contain eight Grade A logistics units with a total combined area of 700,000 sq ft.
Colin Beasley, director at Graftongate, said: “Piping Rock are a welcome new occupier to the scheme and we wish them all the best in their expansion into the UK market. They have chosen LEDP to locate their national distribution centre and will benefit from its location at the heart of the UK distribution network. We have very strong interest in the remaining units and we hope to be able to announce further lettings shortly.”