DHL has taken a 361,600 sq ft warehouse at Gazeley’s 46.1 acre G. Park Liverpool site in the North West.
The unit has been taken on a ten-year lease at a rent thought to be in the region of £4.75 per sq ft. DHL and Gazeley have had a working partnership since 2005, with Gazeley providing logistics space for DHL across its pan European network. This is the first deal to take place within the UK.
The building will be used as a key distribution centre in the North West of England, taking full advantage of access to the regional and national motorways, most importantly the M6 and M62.
Gazeley bought the site from United Utilities Property Solutions a subsidiary of United Utilities for just over £11.9 million in 2007. Unit 1 was built speculatively and benefits from an eaves height of 14m, 31 dock and two level access doors, a 50m-yard, as well as five per cent offices. There is also a selection of eco features, which Gazeley says will not only reduce the environmental footprint of the buildings, but also deliver significant annual operating cost savings of over £10,000 to customers through reduced energy consumption.
The balance of the site could take up to 500,000 sq ft in one unit as Gazeley secured planning for up to 870,000 sq ft in total.
Letting agents are CB Richard Ellis and King Sturge and Colliers International.