M&G Real Estate, one of the UK’s most active property investors, has completed a letting to American multinational toy manufacturer, Mattel, on the entirety of its industrial development, Optimus 205 in Leicester.
Mattel Europa BV has signed for 205,760 sq ft on a ten-year lease at Optimus 205, which was developed by M&G Real Estate with Wilson Bowden Developments. The asset is located adjacent to Optimus 277, a 277,745 sq ft warehouse from the same development team. The two assets form part of the wider Optimus Point employment site.
Located near to Leicester in the East Midlands, Optimus 205 is under a mile from the M1, regional and international airports with major UK ports within a two-hour drive.
The deal underlines the strength of M&G Real Estate’s £2.4 billion industrial portfolio that includes a diverse range of assets, from small multi-let facilities to large single occupancy warehouses.
David Crowley, Director, Logistics & Industrial Asset Management at M&G Real Estate, says: “M&G Real Estate’s strategy to invest and develop in the industrial sector is reinforced by high quality tenants such as Mattel committing to Optimus 205. The quality of the specification and careful selection of location underpins our investment strategy.”
Henry Henson, Development Manager at Wilson Bowden Developments, adds: “The decision for Wilson Bowden Developments to work with M&G Real Estate at Optimus Point in Leicester was a simple one; we both recognised the underlying demand for high quality assets in this strategic location. Mattel’s signature adds to an impressive line-up of tenants at Optimus Point and we look forward to working with M&G Real Estate to secure a new occupier for Optimus 277.”
