Mystery occupier takes 1m sq ft in Rugby
A mystery storage and information management services firm has taken 1m sq ft of space at Tritax Big Box’s Symmetry Park Rugby.
The unnamed company has leased the logistics facilities to create its first UK campus across four buildings on a 15-year deal.
Some 321,000 sq ft due to practically complete in Q2 2023 (forming part of our current speculative development programme where construction commenced in May 2022), while the remaining 643,000 sq ft of pre-let space is expected to practically complete in late 2023.
Colin Godfrey, CEO, said: “Our successful letting of one million sq ft of prime logistics space will be one of the largest UK letting transactions completed so far this year and is further evidence of our strategy delivering growing rental income to our investors at an attractive yield on cost.
“Our development activity continues to gather momentum as we benefit from strong and diversified occupational demand. Our significant land portfolio allows us to carefully match customers’ requirements in terms of building size, location and configuration.”