Friday 28th Oct 2016 - Logistics Manager

Yodel snaps up Manchester site

Parcel distributor Yodel has snapped up a 100,000 sq ft distribution centre at Stakehill Industrial Park in Manchester as part of its plan to streamline its distribution network across the UK.

The company has taken Ventor’s 102,855 sq ft Unit 69 on a ten year lease with five-year break at a rent of £3.95 per sq ft.

The high bay distribution facility has recently undergone substantial refurbishment.

Daniel Burn of Jones Lang LaSalle said: “This deal reaffirms the lack of good quality existing distribution warehouses over 100,000 sq ft across Greater Manchester and the wider region. We are now finding that occupiers are having to consider long term build-to-suit solutions or compromise their requirements by acquiring more secondary space.”