SEGRO has secured a major pre-let with Kuehne + Nagel at its flagship big box logistics development scheme in the UK Midlands.
Kuehne + Nagel, already a group-wide customer with SEGRO, has agreed a 15-year lease on a 195,547 sq ft unit on a 17-acre site at SEGRO Logistics Park East Midlands Gateway.
The Swiss-based company will establish a central UK location for its Overland operations at the 700-acre ‘inland port’ which combines links to the M1 and East Midlands Airport.
Andy Gulliford, Chief Operating Officer, SEGRO said: “SEGRO Logistics Park East Midlands Gateway is a game-changing multi-modal scheme which will offer companies unparalleled road, rail and air connectivity. Securing major international customers, who are committed to establishing such significant operations on site represents an enormous vote of confidence for the scheme, the East Midlands region, and the UK.
Gulliford added: “We are entering a new era of e-commerce as a mainstay of the UK economy. The supply of big box warehousing, which provides uncompromising scale, location and connectivity, is fundamental in sustaining its growth. East Midlands Gateway exemplifies this critical infrastructure and signals our intent as a major player in the UK big box market.”
Jim Hedderwick – Director of Overland – UK, said: “We are delighted to have secured a site at SEGRO Logistics Park East Midlands Gateway which is ideally located for our expanding Overland operations. The new facility will enable us to continue to develop our market leading European groupage product and will be designed to include a 40,000 sq ft temperature-controlled area to accelerate our ambitious growth plans within the pharmaceutical sector”.
Since its launch to the market in October 2017, SEGRO has contracted over 2.5m sq ft of space. In addition to the signing of Kuehne & Nagel, another transport and logistics operator has signed a 16 year lease for 638,000 sq ft facility and an online retailer has signed a 1.3m sq ft pre-let. Additionally, Shop Direct, the digital retailer whose retail brands include Littlewoods and Very, has committed to establishing operations at a new 550,000 sq ft facility.
As part of the scheme, SEGRO is delivering extensive road improvements which will increase capacity at Junction 24, Junction 24A and will deliver a new bypass for the nearby village of Kegworth. The scheme will also include a major new 50 acre rail freight terminal and a public bus terminal has recently opened at the new entrance to the site.
Highways England are also undertaking work to the current M1 to create a ‘smart motorway’ which is planned to further improve the connectivity to the site.
The world's largest collection of global supply chain intelligence