LondonMetric - 120,000 SQ FT URBAN LOGISTICS PRE-LET AGREED
LONDONMETRIC AGREES 120,000 SQ FT URBAN LOGISTICS PRE-LET
LondonMetric Property Plc ("Company") announces that it has exchanged contracts with a global retail company on a new 15 year lease at an annual rent of
The 120,000 sq ft last mile logistics warehouse will mark the completion of the development scheme, which will now extend to over 250,000 sq ft.
The rent of c.
Planning consent has been received and construction is expected to commence imminently with completion anticipated in summer 2021. The warehouse will target a BREEAM Excellent rating and is designed to allow the occupier to adopt a full electric vehicle delivery fleet.
The site was acquired by the Company as part of its Mucklow acquisition and is located a few miles south east of Birmingham city centre and within close proximity to the M6/M42.
"This is a fantastic pre-let and we look forward to creating a state of the art urban logistics facility. The location and flexibility of our site will help ensure that this becomes one of the most efficient fulfilment facilities within the Birmingham area."
For further information, please contact:
LondonMetric Property Plc
Tel: +44 (0) 20 7484 9000
Tel: +44 (0) 20 3727 1000
About LondonMetric Property Plc
LondonMetric is a FTSE 250 REIT that owns one of the
Further information is available at www.londonmetric.com
Quick facts: LondonMetric Property PLC
Market Cap: -
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE