JV lets final 150,000 sq ft at Leicester Distribution Park
Graftongate and BlackRock have completed a deal to let a 150,000 sq ft unit at Leicester Distribution Park (LEDP) to a global logistics business – meaning the 44-acre scheme off the A47 is now fully occupied.
The BREEAM “excellent” standard unit has been let to the firm – whose identity has not been disclosed – on a 10-year lease.
The joint venture between Graftongate and BlackRock delivered three phases of development at LEDP over a six-year period, creating eight Grade A logistics units totalling 715,000 sq ft.
The first phase was pre-let, with the remaining seven units speculatively built and let within six to nine months of completion.
Established occupiers at LEDP include Blanson, CCL Components, Piping Rock, Samworth Brothers, Power Towers, Company Shop Group and Leicester Tissue Company.
Colin Beasley, director at Graftongate, said: “This is an excellent letting and completes a very strong occupier line up at LEDP. We are extremely proud to have worked in partnership with BlackRock to build one of the highest quality distribution and logistics locations in the East Midlands. Demand at LEDP has been consistently high, even before its practical completion, which is testament to the strength of the regional market and the scheme’s superb connectivity at the heart of the UK’s distribution network.”
M1, CBRE and Innes England acted for Graftongate and BlackRock on the scheme.
