Blackbrook, a specialist European real estate investor, has announced its investment in a 190,000 sq ft (17,650 m2) Class A logistics facility in Nottinghamshire, UK.
The facility will be located at a key junction on the M1 motorway, the UK’s main north-south arterial route, directly connecting Sheffield and Leeds to the north and London to the south.
Local occupiers in the immediate vicinity include Amazon, XPO, Co-op, and UPS. Scheduled for completion in July 2023, the new development consists of a BREEAM Excellent, Class-A logistics facility designed to cater for a single occupier, with modern specifications above typical standard, including 15 metre clear heights.
This news follows Blackbrook’s recent announcement that it has invested in the development of a 400,000 sq ft logistics facility in South Yorkshire.
Jon Strang, managing director of Blackbrook said: ‘The availability of labour has quickly become a top priority for logistics occupiers, and so we know that the large and highly skilled workforce in the local area will be an attractive proposition for tenants alongside class-leading specifications. Its positioning in one of the UK’s most important national logistics locations, with excellent connectivity both north to the major cities of Sheffield, Leeds and Manchester as well as south towards Birmingham and London, will also fundamentally contribute to its appeal.’
Arvi Luoma, co-founder & CEO of Blackbrook added: ‘We’re excited by Blackbrook’s growing momentum in the UK market in locations with limited supply and where there continues to be strong tenant demand arising from the broader secular trends in e-commerce, as well as an increasing requirement for supply-chain efficiency, sustainability and resilience. The favourable leasing dynamics of this project, along with its high specifications and its core logistics location, make this investment a perfect fit for our rapidly growing European portfolio.’