Trebor Developments have exchanged contracts with DHL UK on a long term lease for 126,689ft² at their Lightning Park Huntingdon scheme.
The pre let follows Trebor securing detailed planning consent for two units on the scheme in December 2022, whilst a subsequent non material amendment has been agreed to incorporate several DHL design elements.
This is the third deal that Trebor and DHL have agreed in the last two years.
Lightning Park comprises 10 acres of commercial development land. DHL’s unit was originally intended for speculative development prior to discussions but will now be delivered alongside a smaller speculative unit of 32,200ft².
GMI Construction has been selected as the main contractor and will start with both units this year, targeting practical completion before the end of 2023.
Patrick Stanton, Head of Bidwells Logistics & Industrial team said: “This agreement ends a long-standing requirement for a new DHL facility within the area. Our excellent relationships with both Trebor and DHL enabled a smooth transaction and allowed us to deliver a fantastic result for both parties. Large scale sites are at a premium and there was serious competition for this building. We already have good interest for the speculative 32,200ft² unit.”