SEGRO has announced it has signed two deals for more than 862,000 sq ft of warehousing at its UK big box development, SEGRO Logistics Park East Midlands Gateway, leaving just one big box plot available.
Global logistics company, Arvato, agreed a lease for a 220,000 sq ft unit, which is the first speculatively developed warehouse at SEGRO Logistics Park East Midlands Gateway. Arvato secured the building in September 2021, whilst it was still under construction.
SEGRO has also signed a pre-let agreement with a leading supply chain management company to occupy a new 640,000 sq ft warehouse on a 10-year term. Construction is scheduled to start in January and complete in Autumn 2022. The customer is expected to create up to 400 new jobs at the 30-acre site.
SEGRO Logistics Park East Midlands Gateway started construction in 2017. It was initially anticipated to be a 10-year programme, however strong uptake means there is only one big box plot remaining, which can accommodate up to 700,000 sq ft, with all other plots being either operational, under development or committed.
The new customers will join Kuehne + Nagel, Amazon, ShopDirect, Games Workshop and DHL at the 700-acre logistics park, which is located adjacent to East Midlands airport and close to Junction 24 of the M1. The on-site rail terminal, operated by Maritime, is fully operational with trains transporting goods across the UK linking other strategic rail freight interchanges and major UK ports such as Southampton, Felixstowe, London Gateway and the Channel Tunnel. Once complete, SLPEMG is expected to support over 9,000 jobs.
Source: SEGRO
