Tritax Big Box has announced a new agreement for lease with a data management company for its recently completed 391,000ft² logistics facility at Symmetry Park, Rugby.
The transaction for the 15-year lease included an agreement to review open market rents every five years, with the rental levels setting a new high for the scheme.
Tritax expects the yield-on-cost towards the upper end of its 6-8% guidance.
Reportedly, Unit 5 has also been built to net-zero carbon construction standards and has a BREEAM ‘Excellent’ and EPC ‘A+’ rating.
Tritax Big Box developments director, Jonathan Wallis, said: “Symmetry Park Rugby continues to be incredibly successful for Tritax Big Box, supplying best-in-class buildings and attracting strong clients into the portfolio.
“The latest letting underlines our insight-driven approach to development, delivering modern, high-quality buildings matched to occupier needs.
“We are seeing strong occupational interest in the remaining two units at Rugby, further demonstrating the quality of the location and the buildings themselves.”
