Major pre-let to DPD signed and sealed

A deal has been struck with DPD at Revolution Park Wolverhampton for a build to suit parcel hub of around 60,000 sq ft.

Revolution Park was launched in Q4 2021 once detailed planning consent for a four-unit industrial development was secured, however following a short period of marketing to occupiers on a build to suit basis, the proposed DPD unit will now take the majority of the 10.5 acre site.

A planning application was submitted in March and construction is programmed to start this summer.

Greg Dalton, development manager for Trebor, said: “It’s fantastic to have agreed terms with DPD so soon after the site’s formal launch to market and we’re delighted to be working with Schroders to see this important brownfield site in the Black Country fully redeveloped so soon. Furthermore, DPD support Trebor and Schroders’ ambition to invest heavily in sustainable initiatives and resources, and the unit will create a best-in-class asset for all parties involved.”

Louise Ferguson, head of property for DPDgroup UK, said: “We are absolutely delighted to agree terms for a new, purpose-built DPD distribution centre at Revolution Park. It is a great location for us. The new facility is part of DPD’s strategy to be the most responsible and sustainable city centre delivery company and a leader in the move to electric delivery vehicles in the UK. We have invested heavily in our regional network in the last ten years to meet the huge increase in demand for our services and this new facility will allow us to offer an even better service to the area, with a more efficient fleet, shorter journeys and lower emissions.”

Revolution Park is being jointly marketed by Gerald Eve LLP and Bulleys on behalf of Trebor and Schroders Capital. SBH acted on behalf of DPD.