Logicor secures its largest UK letting
Logicor has secured a deal with XPO Logistics (XPO) to take a new long-term lease on 645,000 sqft (59,920 sqm) at Bonehill Road, Tamworth B73HJ, its largest UK letting to date.
The site previously housed a combined 595,000 sqft (55,277 sqm) warehouse unit, split into three bays. The middle unit will be redeveloped, raising the eaves height and adding an extra 50,000 sqft (4,645 sqm) of Grade A warehouse space to accommodate XPO’s new business contracts.
Works are due to complete in January 2018.
Charlie Howard, Logicor’s Managing Director, UK, comments: “We are delighted to conclude our largest UK letting, building on our strong relationship with XPO. This was a complex deal, with a number of parties involved, facilitated by working closely with our customer to accommodate their requirements.”
Logicor is one of Europe’s largest logistics real estate specialists with a 13.6 million sqm portfolio spanning 17 countries. The pan-European strategy is underpinned by offices in 12 of the continent’s core markets, including the UK, France and Germany.