Daventry 150 let by ILP Partners to Menzies the major supply chain specialist
Logicor, the owner, manager and developer of European logistics real estate, has leased its 143,155-square-foot Unit B in DIRFT near Daventry, Northamptonshire to supply chain specialists Menzies Distribution Solutions.
The warehouse is one of a handful of available units in DIRFT, the largest rail freight terminal in the UK, with a direct link to the Channel Tunnel, domestic destinations and deep seaports. Menzies has signed a 10-year lease. The unit’s 14 metre eaves height allows for more flexibility in use and cubic capacity, which was key to its requirements. Occupiers at DIRFT include large retailers and service providers such as Sainsbury’s, Inditex, Tesco and Royal Mail.
Tom Blakely, director of asset management at Logicor, said in a statement: “Leasing Unit B DIRFT to Menzies Distribution is testament to the quality and location of Logicor’s assets, which have the right features in the right markets. It was great to work swiftly with our agents on this lease which will facilitate the growth of Menzies operations and support the local economy.”
Richard Morson, chief executive of Menzies Distribution Solutions, said: “Our business continues to increase with both new and existing customers. We're delighted to have taken on an additional site in the heart of the logistics 'golden triangle' as part of our strategic growth plan. We are investing in a new site to support a relationship with Ball Corporation that has flourished over the last 25 years. The Logicor site at Unit B DIRFT is an important milestone as we expand our footprint in order to provide our services across the UK."
Myles Wilcox-Smith Partner at ILP Partners said " we are delighed to have been involved in this project where the team working closeley together was able to locate a new tenant for this unit in a very short timescale underscoring it's wide appeal in a premier location "
The warehouse is one of a handful of available units in DIRFT, the largest rail freight terminal in the UK, with a direct link to the Channel Tunnel, domestic destinations and deep seaports. Menzies has signed a 10-year lease. The unit’s 14 metre eaves height allows for more flexibility in use and cubic capacity, which was key to its requirements. Occupiers at DIRFT include large retailers and service providers such as Sainsbury’s, Inditex, Tesco and Royal Mail.
Tom Blakely, director of asset management at Logicor, said in a statement: “Leasing Unit B DIRFT to Menzies Distribution is testament to the quality and location of Logicor’s assets, which have the right features in the right markets. It was great to work swiftly with our agents on this lease which will facilitate the growth of Menzies operations and support the local economy.”
Richard Morson, chief executive of Menzies Distribution Solutions, said: “Our business continues to increase with both new and existing customers. We're delighted to have taken on an additional site in the heart of the logistics 'golden triangle' as part of our strategic growth plan. We are investing in a new site to support a relationship with Ball Corporation that has flourished over the last 25 years. The Logicor site at Unit B DIRFT is an important milestone as we expand our footprint in order to provide our services across the UK."
Myles Wilcox-Smith Partner at ILP Partners said " we are delighed to have been involved in this project where the team working closeley together was able to locate a new tenant for this unit in a very short timescale underscoring it's wide appeal in a premier location "
