SEGRO : Deals at SEGRO Logistics Park East Midlands Gateway leave just one big box plot remaining

Deals at SEGRO Logistics Park East Midlands Gateway leave just one big box plot remaining

07 December 2021

SEGRO has signed two deals for more than 862,000 sq ft of warehousing at its flagship UK big box development, SEGRO Logistics Park East Midlands Gateway, leaving just one big box plot available.

Global logistics company, Arvato, agreed a lease for a 220,000 sq ft unit, which is the first speculatively developed warehouse at SEGRO Logistics Park East Midlands Gateway. Arvato secured the BREEAM Excellent rated building in September 2021, whilst it was still under construction, demonstrating the strength of SLPEMG's position as the UK's premier logistics and distribution location.

SEGRO has also signed a pre-let agreement with a leading supply chain management company to occupy a new 640,000 sq ft, BREEAM Excellent warehouse on a 10-year term. Construction is scheduled to start in January and complete in Autumn 2022. The customer is expected to create up to 400 new jobs at the 30-acre site.

SEGRO Logistics Park East Midlands Gateway started construction in 2017. It was initially anticipated to be a 10-year programme, however strong uptake means there is only one big box plot remaining, which can accommodate up to 700,000 sq ft, with all other plots being either operational, under development or committed.

Andrew Pilsworth, Managing Director, National Logistics at SEGRO, said:

"We are seeing sustained warehouse demand in the East Midlands logistics market, with ongoing supply chain challenges driving companies to build operational resilience and occupy high-quality space in the best locations. We're proud that we have been able to develop SEGRO Logistics Park East Midlands Gateway more quickly than originally anticipated to meet these customer requirements and thrilled that our first speculative unit at the park has let so quickly.

"It's fantastic that Arvato, which is also a customer of ours in Poland, has selected SEGRO Logistics Park East Midlands Gateway for its new state-of-the-art distribution hub. The building is being developed to the highest design and sustainability standards. It is a great name to add to the logistics park community and will bring valuable employment opportunities to the local area."

Tobias Uthmann, Managing Director UK at Arvato Supply Chain Solutions, said:

"With the new site, we aim to meet the high demands of our existing as well as potential new customers and are very pleased that the capacity at East Midlands Gateway will allow us to plan for the long term with a distribution centre that fits perfectly into our growth strategy. By 2023, we will be able to excellently implement our growth plan."

The new customers will join Kuehne + Nagel, Amazon, ShopDirect, Games Workshop and DHL at the 700-acre logistics park, which is located adjacent to East Midlands airport and close to Junction 24 of the M1, which provides providing excellent connectivity to the UK road network. The on-site rail terminal, operated by Maritime, is fully operational with trains transporting goods across the UK linking other strategic rail freight interchanges and major UK ports such as Southampton, Felixstowe, London Gateway and the Channel Tunnel. Once complete, SLPEMG is expected to support over 9,000 jobs.

ENDS

For more information please contact:
Gary Gaskarth, External Communications Manager, SEGRO
020 7451 9069 / [e-mail]

Notes to editors:

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.8 million square metres of space (95 million square feet) valued at £17.1 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.

A commitment to be a force for societal and environmental good is integral to SEGRO's purpose and strategy. Its Responsible SEGRO framework focuses on three long-term priorities where the company believes it can make the greatest impact: Championing Low-Carbon Growth, Investing in Local Communities and Environments and Nurturing Talent.

See www.SEGRO.com for further information.

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