Hortons’ Estate Ltd has secured the pre-let of all three new speculative industrial/warehouse units at a Staffordshire industrial park to a single occupier.
Freight Management European has agreed a five-year lease on the new buildings at Marchington Industrial Estate on Stubby Lane near Uttoxeter.
They include a single warehouse unit of 7,000 sq ft and two 5,000 sq ft buildings that have been converted into a new 10,000 sq ft facility.
Freight Management European provides logistics and warehouse services across a wide range of industrial and commercial sectors including automotive, retail, defence, construction, aerospace, engineering and consumer goods on a worldwide basis.
The company plans to use the new units for long-term storage to support the fulfillment of existing contracts and is due to take immediate occupation following completion of works.
Marchington Industrial Estate is conveniently located just 10 minutes’ drive from the A50 dual carriageway and lies between the two main north-south routes in the UK’s motorway network, the M1 and the M6.
The multi-let site offers over 1.3 million sq ft of industrial/warehousing comprising a range of units between 1,000 to 100,000 sq ft and was acquired by Hortons’ in 2013.
Richard Walker of Hortons’ said: “We were confident that these new speculative units would let well given the strength of the market, lack of supply in the region and popularity of Marchington Industrial Estate. The estate continues to perform strongly in line with our active asset management strategy and we look forward to working with Freight Management European and supporting the company’s future growth”.
Hortons’ was represented by Paul Rushton at Rushton Hickman and David Willmer at Avison Young.