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April marks successful month for East Midlands industrial lettings

April marks successful month for East Midlands industrial lettings 10 May 2021

Avison Young has let a combined total of 777,005 sq ft of Grade A logistics space across two buildings in Corby.

Acting on behalf of Arrow Capital Partners, Avison Young has secured a letting to Smyths Toys for a 249,005 sq ft new logistics facility at Midlands Logistics Park, Corby. Smyths Toys will take occupancy of the unit, benefitting from a BREEAM ‘Excellent’ rating, in July, which it will use as a storage and distribution facility.

In September last year, Arrow Capital Partners, advised by Avison Young, announced the acquisition and development forward funding of the Corby 248 logistics unit at Midlands Logistics Park, a joint venture between Mulberry Developments and Frogmore.

Acting on behalf of the tenant Staples Retail, Avison Young’s industrial team also arranged the sub-lease of a 528,000 sq ft distribution facility in Corby to Wincanton to coincide with the premises becoming surplus to requirement.

Rockingham 528 in Corby

Rockingham 528 in Corby

Robert Rae, Principal at Avison Young, commented:
“These lettings underline the ongoing demand in the market for Grade A logistics stock in general, and specifically in the East Midlands, which has been the dominant region for big box take-up for the past three years, due to its central location and availability of a wide range of buildings and land.”

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