Fashion retailer Jack Wills is to lease a 390,000 sq ft warehouse from Clearbell Capital at Parkway Works, Sheffield to become its global distribution centre.
The 10-year lease has a break option in the sixth year and Jack Wills will pay an annual rent of £750,000, equating to £3.25 psf, excluding mezzanine levels.
“We are delighted to have let Parkway Works to Jack Wills as the company’s global distribution centre,” said Clearbell Capital director Duncan Jarvis. “The warehouse is well located close to the A57 which provides fast access to Sheffield city centre and Junction 33 of the M1. Sheffield and the surrounding Yorkshire market continues to perform very well in the logistics market with take-up for 2018 already well ahead of the annual average for the region.”