Logicor has leased Sherburn 550; a 51,655 m2 warehouse in Sherburn in Elmet, North Yorkshire, in what is one of the UK’s biggest industrial property deals this year, and the largest in the North.
The fully refurbished modern unit has been leased by ID Logistics, a long-term customer within Logicor’s portfolio.
Sherburn 550 is located off Junction 42 of the A1(M) to the east of Leeds, on one of the UK’s strategic north / south trade routes, approximately four hours’ drive to both London and Edinburgh.
The enduring eCommerce and consumer habits mean that demand for well-located and modern real estate continues. In practice, it meant that Sherburn 550 was leased to ID Logistics with no void period after the previous customer vacated the building.
This property represents an important next step in the growth of ID Logistics in the UK. Logicor, Knight Frank and Carter Jonas teams supported it in delivering under the timetable required
The warehouse features Grade A specification including 56 loading doors, 15m eaves height, three service yards, quality offices and generous power provision.
The site also forms parts of The Sherburn Distribution Park, which is home to notable national occupiers such as Sainsburys, GXO, Eddie Stobart and Kingspan.
Logicor, a leading owner, manager and developer of European logistics real estate, has leased Sherburn 550; a 556,000 sq ft warehouse in Sherburn in Elmet, North Yorkshire, in what is one of the UK’s biggest industrial property deals this year, and the largest in the North.
The fully refurbished modern unit has been leased by major pan-European third-party logistics operator ID Logistics, a long-term customer within Logicor’s portfolio.
Sherburn 550 is located off Junction 42 of the A1(M) to the east of Leeds, on one of the UK’s strategic north / south trade routes, approximately 4 hours’ drive to both London and Edinburgh.
The enduring e-commerce and consumer habits mean that demand for well-located and modern real estate continues. In practice, it meant that Sherburn 550 was leased to ID Logistics with no void period after the previous customer vacated the building.
Jack Garrett, Logicor Director of Asset Management, said:
“Leasing Sherburn 550 is testament to Logicor’s ability to meet customer demand and provide them with high quality logistics real estate in the right locations. We pride ourselves on knowing what’s important to our customers, and the chance to work with ID Logistics in the UK as well as Europe, to support their growth in the country is an exciting prospect.”
ID Logistics is exhibiting at Multimodal on stand 5044
