Gazeley running out of sheds

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Gazeley have only one warehouse standing for immediate occupation following a spate of deals totalling  1.5 million sq ft in the last three months.

Deals have been secured in Hemel Hempstead, Lutterworth, Liverpool and Rugeley leaving only the company’s Blue Planet scheme in Chatterley Valley standing.

Amazon took the 707,488 sq ft Flair building at G.Park Rugeley in July on a 15 year lease at a rent believed to be in the region of £3.95 per sq ft,  nearly a £1 per sq ft less than originally quoted by joint letting agents CBRE, Cushman & Wakefield and Burbage Realty.

DHL took Gazeley’s  361,600 sq ft warehouse at G. Park Liverpool on a 10 year lease at a rent thought to be in the region of £4 per sq ft. Letting agents are CB Richard Ellis,  Jones Lang LaSalle and Colliers International.

Palmer & Harvey secured G.Park Hemel. The 167,730 sq ft  warehouse was let on a 25 year lease at an initial rent of £5.95 per sq ft. Letting agents are Savills and CBRE.

Finally Gazeley’s Solar warehouse at Magna Park Lutterworth is under offer and in solicitors hands.

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