New project in Southampton
Peel Logistics Property, together with Rockspring Property Investment Managers as funding partners for the project, recently signed a pre-let contract with UK retailer John Lewis to develop a 4,300 sqm customer delivery hub at its urban logistics development known as South Central in the port city Southampton (UK).
The new build-to-suit facility will provide John Lewis with additional capacity to serve Southampton and the wider south coast region.
This is the first leasing deal signed at South Central, which comprises three facilities totalling 18,800 sqm. The retailer's facility will be completed by September 2018. Construction of the two other properties is underway on a speculative basis and they are expected to be completed by May 2018.
South Central is an urban logistics development being delivered by Peel Logistics Property. The site is ideally suited to port-centric occupiers in the distribution and storage sectors and those serving the wider south coast conurbations. (mw)