DHL has taken a warehouse on the second phase of St Modwen’s 70-acre industrial and logistics scheme near Lincoln.
The German logistics company, who acquired UK Mail in 2018 is expanding at the scheme and will occupy a 25,000 sq ft unit on a 10-year lease. This is in addition to a 32,000 sq ft unit occupied by its sister company – Deutsche Post DHL – who arrived at the site during phase 1.
Another 55,000 sq ft is also set to be delivered at St Modwen Park Lincoln. Phase two is expected to be completed by summer 2020.
Nick Kay, development director at St Modwen, said: “To have secured a pre-let with DHL demonstrates a strong appetite for well-located space in the region.
“The units delivered as part of our first phase of development were quickly taken off the market by two well-respected brands and it speaks volumes that a key player in the logistics market such as DHL has once again chosen to expand with us here at St Modwen Park Lincoln.
St. Modwen Park Lincoln was originally granted planning consent for more than 960,000 sq ft of space, part of which had already been developed with occupiers including Apogee, Turbine Efficiency and DPDUK.
Joint letting agents are Cushman & Wakefield and Banks Long