Peel Logistics Property Signs First Pre-Let at South Central, Southampton
Peel Logistics Property, together with Rockspring Property Investment Managers as funding partners for the project, is pleased to announce it has signed a pre-let with UK retailer John Lewis to develop a 46,000 sq ft .com customer delivery hub at its urban logistics development known as South Central in Nursling, Southampton. The new build-to-suit facility will provide John Lewis with additional capacity to service the City of Southampton and wider south coast region.
This is the first leasing deal signed at South Central, which comprises three facilities totalling 202,000 sq ft. John Lewis’ facility will be completed by September 2018. Construction of the two other facilities (117,000 sq ft and 39,000 sq ft) is underway on a speculative basis and they are expected to be completed by May 2018.
Neil Dickinson, of Peel Logistics Property, said, “This leasing deal with John Lewis is another example of Peel Logistics Property’s capability in delivering high quality urban logistics facilities for leading UK occupiers. We look forward to welcoming other tenants to South Central as construction progresses.”
About South Central
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. The site is strategically located within two miles of Dock Gate 20 of the Port of Southampton, offering close transport links to the M27 and M271 and capable of operations 24 hours, 7 days per week.
There are currently two remaining facilities available for occupation in May 2018 (117,000 sq ft and 39,000 sq ft). Both facilities offer a Grade A specification including a BREEAM ‘Excellent’ rating and an EPV of ‘A’, dock and level access loading doors, fitted offices and large secure self-contained yards.
Lambert Smith Hampton and Jones Lang LaSalle acted for Peel Logistics Property. Colliers acted for John Lewis.