Logicor leases two UK distribution warehouses to Amazon
Logicor, a leading owner and operator of modern logistics facilities in Europe, has agreed to lease two UK distribution warehouses totalling 562,000 sq ft to Amazon.
The ten-year leases are for GT257, a 257,855 sq ft warehouse in Bardon, Leicestershire and Logic305, a 304,751 sq ft warehouse in Weybridge, Surrey.
Amazon will incorporate both logistics warehouses into their UK distribution network for orders placed through www.amazon.co.uk.
Charlie Howard, Managing Director - UK, Logicor said:
We are delighted to support Amazon’s expansion of their UK distribution network. Both Bardon and Weybridge provide excellent strategic access to a high proportion of the UK population. These leases also strengthen our existing relationship with Amazon in the UK and Europe.
The cross-docked Bardon warehouse, GT257 is located on Interlink Business Park, Bardon, Leicestershire, close to J22 of the M1 and in the Midlands Golden Triangle, one of the UK’s top distribution locations.
The Weybridge warehouse, Logic305, is located on the historic Brooklands Industrial Estate, near J10/11 of the M25 and 15 miles from Heathrow airport.
The GT257 lease commences immediately, whilst the Weybridge lease will start in September 2015 once property refurbishment works complete.
Amazon also occupies Logicor logistics facilities at Rugeley, Staffordshire in the UK and near Prague airport in the Czech Republic.
Burbage Realty and Moriarty & Co advised Logicor on Bardon GT257. DTRE and Moriarty & Co advised Logicor on Logic305.
Logicor’s UK logistics portfolio currently totals 21,000,000 sq ft.