Logicor completes re-development of 645,000 sqft Tamworth warehouse
Completed redevelopment supports Logicor’s largest UK letting
Logicor has completed the redevelopment of the 645,000 sqft (59,920 sqm) warehouse at Bonehill Road, Tamworth, and has handed the entire facility over to XPO Supply Chain UK (XPO), on a long-term lease.
The site, at a key distribution location in the Golden Triangle, previously housed a combined 595,000 sqft (55,277 sqm) warehouse unit, split into three bays. The middle unit has been redeveloped, raising the eaves height and adding an extra 50,000 sqft (4,645 sqm) of Grade A warehouse space to accommodate XPO’s requirement.
Anthony McCluskie, Director, UK Asset Management, Logicor, said: “We’re very pleased with this complex redevelopment project. Throughout the re-development process we worked collaboratively with XPO, extending the property, agreeing a lease surrender plus supporting our tenant with their customer tender process. It is another example of a successful Logicor building redevelopment in close customer collaboration, with the end result being a new, long-term lease with XPO.”
Logicor is one of the premier real estate companies in Europe focusing on the ownership and operation of modern logistics and distribution properties. Logicor currently owns 13 million square metres of space in properties across key European markets.
For Further Information:
Anthony McCluskie, Logicor: +44 (0)207 198 2433
Kate Titchmarsh, Flashbulb: + 44 (0)759 567 3610