Internet retailer Amazon has taken 1.2 million sq ft of space in the third quarter of 2015 according to the latest Gerald Eve Prime Logistics bulletin.
Total take up across the UK rose seven per cent to 10.5 million sq ft with Amazon’s 1.2 million sq ft across eight buildings, accounting for more than 11 per cent of all take-up.
The e-commerce giant recently agreed a 10-year lease with Lancashire County Developments, part of Lancashire County Council, on a 168,000 sq ft unit within the 130-acre Lancashire Business Park, at a rent of £4.50 per sq ft. JLL and Lambert Smith Hampton are the joint agents for the park. Amazon represented itself.
In August Amazon leased two warehouses totalling 550,000 sq ft, one at Bardon and one at Weybridge, from Logicor. The 304,751 sq ft Weybridge warehouse, Logic305, is located on the Brooklands Industrial Estate, near J10/11 of the M25 and 15 miles from Heathrow while the cross-docked 257,855 sq ft warehouse at Bardon, GT257, is located on Interlink Business Park, Bardon, Leicestershire, close to J22 of the M1 and in the Midlands. Burbage Realty and Moriarty & Co advised Logicor on Bardon GT257. DTRE and Moriarty & Co advised Logicor on Logic305.
The company is also planning to open a second fulfilment centre in Doncaster – just down the road from its 415,000 sq ft existing facility in Balby. The new 250,000 sq ft centre is on Water Vole Way at the Firstpoint Logistic Park, just off junction 3 of the M18. It is scheduled to start operations in the autumn.