Glenny, on behalf of LGIM Real Assets (Legal & General Investment Management), has leased the final two units at Boxset Basildon in a deal totalling almost 140,000 ft2.
Boxset Basildon is a speculative development of 3 high specification and energy efficient warehouse buildings, featuring first floor offices.The site also features deep yards from 48-57m, tall eaves heights of 12m, electric car charging points and photovoltaic arrays are also provided.
The development boasts links with both the nearby A127 and A13 connecting with the M25 Junction 29 and is close to the seaports of London Gateway, Tilbury and Felixstowe and the airports of London Southend and Stansted.
Jim O’Connell, Divisional Partner at Glenny said: “Setting standards for sustainability, Boxset Basildon has been built with the future in mind with a range of features designed to make this one of the region’s most efficient developments.
Rob Codling, Senior Fund Manager, LGIM Real Assets, added: “The industrials and logistics sectors have undoubtedly weathered the storm of the pandemic, proving a highly resilient sector. We are delighted to complete the final lettings at Boxset Basildon which underpins our investment conviction to purchase vacant best in class urban logistics during 2020 and conclude a successful letting campaign.
Glenny acted as joint agents with CBRE and Avison Young.