Graftongate and BlackRock, a global investment management, have finalised a transaction for the last remaining unit at Leicester Distribution Park (LEDP).
The joint venture partners have concluded the 10-year lease of a 150,000 square foot distribution and logistics facility to a worldwide transportation services company.
Unit 2 was built to BREEAM ‘excellent’ standards as part of the last phase of the 44-acre complex off the A47 near Leicester city centre.
Graftongate and BlackRock developed LEDP in three phases over a six-year period, resulting in eight Grade A logistics units totaling 715,000 sq ft.
The first phase was pre-let, while the other seven apartments were built speculatively and sold within six to nine months of completion.
Blanson, CCL Components, Piping Rock, Samworth Brothers, Power Towers, Company Shop Group, and Leicester Tissue Company are among the long-term tenants.
“This is a terrific leasing and completes a very solid occupier line up at LEDP,” said Colin Beasley, director at Graftongate. We are incredibly delighted to have collaborated with BlackRock to create one of the best distribution and logistics facilities in the East Midlands.
“Demand for LEDP has been persistently high, even before its practical completion, demonstrating the strength of the regional market and the scheme’s excellent connection at the core of the UK’s distribution network.”
Throughout the redevelopment, the leasing team of M1, CBRE, and Innes England represented Graftongate and BlackRock.