Woodward snaps up speculative shed

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Woodward Foodservices has taken a 85,422 sq ft warehouse at Boultbee, Innovate and Schroders’ Zenith2 development in Deykin Avenue, Witton, Birmingham.

As a part of its continued expansion, Woodward has moved into the recently completed speculative warehouse and agreed a 10-year lease at a rent close to the asking figure of £5.75 per sq ft.

Carl Durrant of King Sturge, which is joint letting agent with Jones Lang LaSalle, said: “There is currently strong demand for good quality industrial space in the Birmingham area and developers who are confident enough to take the risk are embarking upon speculatively-built schemes.

Woodward’s decision to open a major new facility in Birmingham is good news on the employment front – and it further demonstrates confidence in the city by leading players in the distribution sector.”

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