Mystery global retailer takes 120,000 sq ft at Tyseley

LondonMetric has exchanged contracts with an unnamed “global retail company” on a new 15- year lease at an annual rent of £1.6m at its Tyseley development near Birmingham.

The 120,000 sq ft last mile logistics warehouse will mark the completion of the development scheme, which will now extend to over 250,000 sq ft.

Planning consent has been received and construction is expected to commence imminently with completion anticipated in summer 2021. The warehouse will target a BREEAM Excellent rating and is designed to allow the occupier to adopt a full electric vehicle delivery fleet.

The site was acquired by the company as part of its Mucklow acquisition.

Andrew Jones, CEO of LondonMetric, said: “This is a fantastic pre-let and we look forward to creating a state of the art urban logistics facility. The location and flexibility of our site will help ensure that this becomes one of the most efficient fulfilment facilities within the Birmingham area.”