Logicor has agreed a new long-term lease with Panther Warehousing at Axis 62, Normanton, Yorkshire.
The specialist, third party logistics operator has taken a 10-year lease on the 215,000 sq ft warehouse, located near Junction 31 of the M62. Axis 62, Normanton is a prime logistics facility providing excellent access to the UK motorway network. Formally let to Poundworld, which recently entered into administration, Logicor facilitated a lease surrender to secure this new letting.
Mike Best, Director, Asset Management at Logicor, says: “We’re delighted to have secured a long-term lease for this building with Panther Warehousing. As an existing customer of Logicor at Crick Road, Rugby, we’re very excited to be working with the team on its next phase of growth.”
Brian McCarthy, COO at Panther Warehousing said “Axis 62, Normanton is a prime facility and is ideally suited for Panther Warehousing’s continued growth. We’re looking forward to working with Logicor as a long-term partner.”
Deloitte, the administrator for Poundland handled the lease surrender and Knight Frank acted for Panther Logistics. Logicor was unrepresented in the transaction.
