Kuehne + Nagel sign up at SEGRO Logistics Park East Midlands Gateway
Leading global transport and logistics company agrees 195,500 sq ft pre-let at UK’s ground-breaking ‘inland port’. Over 2.5 million sq ft space has been transacted at SLPEMG
SEGRO plc (‘SEGRO’) has secured a major pre-let with one of the world’s leading transport and logistics companies at its flagship big box logistics development scheme in the UK Midlands.
Kuehne + Nagel, already a group-wide customer with SEGRO, has agreed a 15-year lease on a 195,547 sq ft unit on a 17-acre site at SEGRO Logistics Park East Midlands Gateway.
The Swiss-based company, which operates in over 100 countries worldwide, will establish a central UK location for its Overland operations at the 700-acre ‘inland port’ which combines links to the M1 and East Midlands Airport.
Andy Gulliford, Chief Operating Officer, SEGRO said:
“SEGRO Logistics Park East Midlands Gateway is a game-changing multi-modal scheme which will offer companies unparalleled road, rail and air connectivity.
“Securing major international customers, who are committed to establishing such significant operations on site represents an enormous vote of confidence for the scheme, the East Midlands region, and the UK. .
“We are entering a new era of e-commerce as a mainstay of the UK economy. The supply of big box warehousing, which provides uncompromising scale, location and connectivity, is fundamental in sustaining its growth. East Midlands Gateway exemplifies this critical infrastructure and signals our intent as a major player in the UK big box market.”
Jim Hedderwick – Director of Overland – UK, said:
“We are delighted to have secured a site at SEGRO Logistics Park East Midlands Gateway which is ideally located for our expanding Overland operations. The new facility will enable us to continue to develop our market leading European groupage product and will be designed to include a 40,000 sq ft temperature controlled area to accelerate our ambitious growth plans within the Pharmaceutical sector”.
Since its launch to the market in October 2017, SEGRO has contracted over 2.5 million sq ft of space. In addition to the signing of Kuehne & Nagel, a leading transport and logistics operator has signed a 16 year lease for 638,000 sq ft facility and an online retailer has signed a 1.3 million sq ft pre-let.
Additionally, Shop Direct, the digital retailer whose retail brands include Littlewoods and Very, has committed to establishing operations at a new 550,000 sq ft facility.
As part of the scheme, SEGRO is delivering extensive road improvements which will increase capacity at Junction 24, Junction 24A and will deliver a new bypass for the nearby village of Kegworth. The scheme will also include a major new 50 acre rail freight terminal and a public bus terminal has recently opened at the new entrance to the site.
Highways England are also undertaking work to the current M1 to create a ‘smart motorway’ which is planned to further improve the connectivity to the site.
As well as providing critical infrastructure for the logistics supply chain, the development of SEGRO Logistics Park East Midlands Gateway will create 7,250 jobs, 900 construction jobs and 3,000 indirect jobs.
East Midlands Gateway is located in the near centre of England, with Nottingham 13 miles to the north-east, Leicester 20 miles to the south and Derby 14 miles to the north west which brings the benefit of a three city labour supply with one million people within a 30 minute drive.
Burbage Realty, CBRE and Savills are agents for the scheme.
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.7 million square metres of space (72 million square feet) valued at over £9 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in nine other European countries..