Specialist fashion and lifestyle eCommerce fulfilment service provider Airbox Fulfilment has snapped up a 20,091 sq ft warehouse facility at Orchard Street Investment Management’s 64,000 sq ft carbon neutral multi-let scheme Communication Park in Feltham, West London.
Airbox has taken a ten year lease on the facility at a rent of £15.50 per sq ft. Jeremy Tan, Airbox Fulfilment MD, said: “Airbox wants to take the lead in sustainable fulfilment and ensuring that this becomes the new norm in the fulfilment industry. We believe that being environmentally conscious is of primary importance to running a business and it is something we have put as a cornerstone of our operation. We’re thrilled to open a new warehouse at this brand new estate; the warehouse’s carbon neutral credentials along with its excellent specification and proximity to Heathrow’s Cargo Terminal were the key factors when making our choice, and we can’t wait to grow the business here.”
The five unit speculative scheme, which is located within close proximity to Heathrow Airport and Cargo terminal, is one of only a few industrial developments in the UK to be built as carbon neutral.
The properties have been built to a BREEAM Excellent standard and include 8m minimum eaves, large yards and a 37.5 kN/sqm floor loading. As part of the sustainability features at the scheme electricity generated from roof mounted Solar PV system is available for occupiers to purchase at 15% discount compared to rates available from main suppliers in the utility market, saving on energy bills whilst helping the environment.
All units have achieved an EPC rating of A+, awarded to assets that are negatively carbon generating in nature. The solar PV panels alone save over 93 tonnes of CO2 per year. These 5 units are the first A+ rated non-domestic properties to be delivered in Feltham since 2018 and doubled the delivery of A+ units to the London market in 2020 (4 A+ EPCs were registered in London 2020 H1).
This letting takes the estate to 30% let, with a second unit already under offer. There remains considerable interest from a range of prospective tenants for the remaining three units, spread across 14,132, 10,400 and 7,566 sq ft respectively.
Lora Brill, Head of Responsibility & ESG at Orchard Street commented: “As the logistics sector continues to prove its resilience, both in light of the global pandemic and in response to structural changes driven by the rise in e-commerce, this development will enable us to capitalise on the robust demand for modern and well connected industrial space around London’s periphery. Moreover, this letting demonstrates the enduring benefit of investing in flexible, sustainable buildings.
Joint letting agents are JLL and DTRE.