Wolseley UK Limited has taken a new 152,000 sq ft distribution centre in North Derbyshire.
Wolseley will consolidate several existing sites from its property portfolio for its new distribution centre which is ideally located at Bolsover at Junction 29a of the M1, in an established logistics location.
Equation Properties and BentallGreenOak alongside St Francis Group and Almcor are currently on site developing the first phase of speculative Horizon 29 development, which includes two further available units of 73,174 sq ft and 133,474 sq ft due for completion in Spring 2023.
Phase 1B of the 53-acre development will then follow with two further units of 105,487 sq ft and 137,070 sq ft, while Phase 2 will accommodate buildings from 249,866 sq ft upwards.
Rebecca Schofield, head of industrial at Knight Frank in Sheffield, which is marketing Horizon 29 for Equation along with JLL and Cushman & Wakefield, said: “The deal with Wolseley demonstrates the ideal location of the site, with immediate access to Junction 29a of the M1, at the boundary of the East Midlands and South Yorkshire. The development offers a range of sized units which will prove attractive to both local occupiers and foot loose occupiers looking for space in the area.”
Wolseley join occupiers including PCT. Great Bear, Smurfitt Kappa, Ferdinand Bilsteen and Gould Alloys in the established area.
Richard-Batham-Reed, Managing Director at Equation Properties, said: “The first pre-let at Horizon 29 demonstrates the strong, sustained occupational demand for new space in the region. We are delighted to be commencing construction works having signed Wolseley, and with several other discussions underway, we are excited for the next stages of development.”
Horizon 29 is to be developed to the highest of specification with enhanced sustainability credentials to BREEAM ‘Excellent’ and EPC A. It will also include key features such as 20% EV charging points, renewable power sources, sustainably sourced materials, substantial green infrastructure and an enhanced landscaped private estate.
