Grocery delivery service snaps up Norbury depot

LinkedIn +

Online grocery delivery service Weezy has snapped up a depot in Norbury in an off-market deal as it gathers pace to fulfil its vision of 40 fulfilment centres before the end of the year.

The app based delivery service was launched in London last year and has a series of hyperlocal fulfilment centres in London, Reading, Bristol, Manchester, and Brighton. Following an initial round of fundraising the company raised £14 million and set a target to open 40 sites in the UK  by the end of 2021.

The 3,525 ft2 property on Northwood Road, Norbury will operate as a locally based home delivery grocery centre with good delivered to the customer via electric vehicles and bikes.

Internally the property provides warehousing on the ground floor with mezzanine storage above. The property benefits from 3-phase electricity, gas supply, a manual roller shutter, and ample car parking.

It was let by landlord GMC Capital at a record rent for the area, a mere five days after acquiring the property from Aviva.

Huggins Stuart Edwards advised on the sale. Cogent Real Estate acted for GMC Capital.

Share this story: