European logistics real estate investment fund manager, Clarion Partners Europe, has agreed a 54,456ft² letting with Yusen Logistics, the global logistics and supply chain management provider, at its Widnes 54 warehouse.
Yusen Logistics has signed a 5 year lease at a rent of £9.50 per ft², with the EPC ‘A’ and BREEAM ‘Excellent’ certified property to service Yusen Logistics’ existing client-contracts in the region.
It is one of three buildings owned by Clarion Partners Europe in Widnes, all of which were constructed in 2022; the other two total 395,000ft² and 258,000ft² respectively and are let to Kammac Limited and Supply Chain Coordination Limited, a logistics function of the NHS.
Widnes benefits from excellent connectivity to major Northern cities including Manchester and Liverpool, through well-developed road links.
Clarion Partners Europe asset manager, Ben Sawbridge, said: “The supply of modern, sustainable warehouse space in the North West remains highly constrained, which has enabled us to secure this landmark letting.
“The industrial and logistics sector continues to benefit from compelling technological and demographical trends, and I’m hugely excited to have joined one of Europe’s market leaders at this exciting stage in the cycle.”
