Fashion and homewares retailer Next has taken AXA Real Estate Investment Managers’ 263,000 sq ft Hurricane warehouse at Redhouse Interchange in Doncaster to service its on-line sales division.
Next has taken the property on a new 15 year FRI lease. The unit was built in 2007 and had been occupied by ASDA on a short term basis during the reorganisation of their distribution chain following their acquisition of Netto.
AXA REIM was advised Gent Visick whilst CBRE advised Next Plc.
Andrew Gent, from Gent Visick, said: “Occupation of all of the existing units leaves only one remaining 17 acre plot for future development at this location. This letting to Next Plc is indicative of the growing strength of the internet sector in the UK.”