DPD has agreed to pre-let a new 45,207 sq ft urban logistics depot at SEGRO Park Newham.
On completion of the development which is currently under construction DPD will take a 25 year lease.
SEGRO Park Newham, located at Jenkins Lane has been unlocked by SEGRO, following years of being undeveloped and unused.
Through working with long-standing customer DPD, inward investment has been attracted to this strategically important site for urban logistics serving East London and the City.
DPD will occupy a prominent position with direct access to the A13 and A406, with future phases of the development appealing to other logistics operators, trade counters, showrooms and hotels.
Mark Wilkes of DPD said: “We are extremely pleased to be working with the GLA and to grow our portfolio with SEGRO, on what is a very important site for DPD.
“SEGRO Park Newham is ideally located with fantastic access to road networks, enabling us to serve our customers across East London.”
Deirdra Armsby, director of regeneration and planning, London Borough of Newham added: “We worked closely with SEGRO and the GLA to bring DPD to the Borough, securing such a renowned distribution and logistics company is tremendously important for the jobs it brings.
“We recognise SEGRO Park Rainham and the East Plus development will unlock significant economic benefits for Newham and the wider London Riverside area, bringing new occupiers and encouraging businesses to expand and grow.”
BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans.
For more information visit www.togethermoney.com
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