Logicor has secured a new 10-year lease with a leading international packaging company at Widnes 108, taking the Platform portfolio, that Logicor asset manages, to 100% occupancy up from 89.7% in just 12 months.
Logicor assumed management of the 4.25 million sq ft portfolio in October 2020 and has since welcomed AX to L49 in Lichfield and Super Smart Services to Lichfield L117 and Worcester 163. Widnes 108 totals 107,222 sq ft of Grade A speculatively built business space which the new occupier will use to produce sustainable packaging in support of their growing ecommerce customer base.
Vice President responsible for Business Transformation comments: “We are excited to grow our global foot-print in the UK with a state-of-the-art modern facility to serve our international customers with innovative & sustainable packaging solutions. Logicor has been a delight to work with in this fast-track project demonstrating flexibility & creativity to design scalable building solutions to meet our business needs”.
Tom Blakely, Director, Asset Management - UK, Logicor, says: “This is an exciting new addition to our UK portfolio with a customer leading the way in sustainable packaging, and we are very pleased to welcome them. As the last unit to let in this portfolio, we are now focusing on the available land nearby in Widnes and Lichfield which present ideally located build-to-suit development opportunities.”
Logicor, along with development manager Stoford, recently secured planning permission for up to 360,000 sq ft of new industrial and warehouse facilities at Widnes 360, offering flexible options from 50,000 sq ft upwards. Widnes 360 is strategically located with direct access to the national motorway network via the Knowsley Expressway.
A further 310,000 sq ft is available at Lichfield 310 with units from 40,000 sq ft upwards. Lichfield 310 is situated in the heart of the Midlands, approximately 16 miles north of Birmingham fronting the A38 and a few minutes’ walk from Lichfield Trent Valley train station.
Both Widnes and Lichfield are available on a build-to-suit basis and ready for immediate development.
DTRE and Avison Young are retained as letting agents at Widnes 360. Avison Young and CBRE are advising Logicor on Lichfield 310.