Logicor has secured a deal with XPO Supply Chain UK Ltd (XPO) to take a new long-term lease on 645,000 sq ft (59,920 sq m) at Bonehill Road, Tamworth, its largest UK letting to date.
The site previously housed a combined 595,000 sqft (55,277 sqm) warehouse unit, split into three bays.
The middle unit will be redeveloped, raising the eaves height and adding an extra 50,000 sqft (4,645 sqm) of Grade A warehouse space to accommodate XPO’s new business contracts.
Works are due to complete in January 2018.
Charlie Howard, Logicor’s managing director fr the UK, said: “We are delighted to conclude our largest UK letting, building on our strong relationship with XPO.
"This was a complex deal, with a number of parties involved, facilitated by working closely with our customer to accommodate their requirements.”
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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