Panattoni, the developer of logistics facilities, has leased its East Midlands Distribution Centre building to Buy It Direct Group.
The 523,404 sq ft distribution centre is located off J24a M1 and sits within 5 miles of both East Midlands Airport and the new Maritime Freight terminal.
The cross-dock facility, known as EMDC 525, comprises a 492,000 sq ft warehouse space, 18-metre eaves and two 50m yards. The building has been awarded a BREEAM rating of ‘Very Good’ and EPC rating of ‘A20’.
Buy It Direct, the eCommerce retailer, has immediately commenced with its fit out with the aim to start dispatching goods by the end of summer. The business intends to use the facility to meet the continued demand for online products from across the UK.
Andy Preston, Development Manager at Panattoni said: “We are delighted to have secured the letting of this 523,404 sq ft facility to online retailer Buy It Direct, at such a strategic location near East Midlands airport and the M1, which we believe will serve them well.
“This lease demonstrates the demand in the logistics market for quality space, along with reinforcing the strength of Panattoni’s speculative programme throughout the UK. Panattoni have recently started on site at Derby 515.
“At 514,193 sq ft this cross-docked warehouse is set to be one of the largest single-unit speculative developments under construction in the country, closely followed by the 512,850 sq ft development at Panattoni Wakefield 515.”
Panattoni was represented by FHP, Gerald Eve and Savills.