DPD has snapped up M&G Real Estate’s prime last-mile logistics warehouse, Orbital 48, in Dartford, Kent.
The parcel courier has taken a 10-year lease on the 47,888 sq ft new build distribution unit in Littlebrook, Dartford.
Tim Harding, Associate Director at Colliers, said: “This deal demonstrates the continued robust demand for prime last-mile logistics space across the South East and UK as a whole. Dartford is not only a key logistics location for the South East and London areas but also has access to a pool of specialist labour, with recent research showing over 35% of jobs in the area being distribution-related.
“The demand we are seeing for greater adoption of online commerce is expected to remain strong, and as consumer expectation for speedy deliveries continues to rise, it has never been more important for last-mile logistics operators, like DPD, to secure prime locations where they can quickly and efficiently deliver to the end consumer.”
Colliers International acted for M&G Real Estate on the letting, alongside joint agent Glenny.