ID Logistics moves into Sherburn 550
Logicor has let the 556,000 sq ft warehouse, in what it says is the largest industrial property deal in the North of England this year.
Knight Frank and Carter Jonas were the agents involved with the deal.
Located in Sherburn in Elmet, North Yorkshire, the unit is located off J42 of the A1 (M), and was let to ID Logistics with no void period.
The warehouse has grade A specification including 56 loading doors, 15m eaves height, three service yards, offices, and generous power, and forms part of The Sherburn Distribution Park, which is home to occupiers such as Sainsburys, GXO, Eddie Stobart, and Kingspan.
Jack Garrett, director of asset management, UK at Logicor 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.”
Stuart Evans, managing director, ID Logistics UK commented: “This property represents an important next step in the growth of ID Logistics in the UK.
“Logicor, Knight Frank, and Carter Jonas teams have supported us in delivering under the timetable we require, and we thank them for their commitment in securing this lease”
Iain McPhail, partner in the industrial and logistics team at Knight Frank’s Leeds office, commented: “This is the most significant industrial property deal in the region so far this year.
“Our Yorkshire and national industrial and logistics team have worked tremendously hard and collaboratively on this project together with Logicor and ID Logistics.”
Andrew Smith, partner at Carter Jonas, said: “We have been working with the ID Logistics team, through our IRELS Partner EOL, over several months to support their growth in the UK by identifying a modern warehouse facility to meet their innovative approach to logistics operations and commitment to eco-performance and optimisation.”
