F&C REIT has let a combined 245,000 sq ft of new high-specification warehouse space at Fradley Park, Lichfield, to DHL and retail warehousing and distribution specialist Amethyst Group. GVA’s Industrial team acted on behalf of F&C REIT, together with Kingstons Commercial and CBRE.
DHL has taken F&C REIT’s 142,184 sq ft ‘Hawk’ warehouse at Fradley Park, Lichfield to serve a contract with JCB.
The 3PL has taken a five-year lease at a rent of £4.50 per sq ft. The warehouse will operate as a parts distribution centre. The new contract – which has fuelled the letting – reflects strong results at JCB, with the company recently announcing a recruitment programme to take on 80 engineers, and deals to supply a total of over 800 machines.
The Hawk letting to DHL follows the current upswing in the logistics and automotive sectors, with GVA experiencing a marked increase in enquiries from this sector of the market.
Joint letting agents are GVA, CBRE and Kingston Commercial Property Consultants.