Panattoni, the industrial real estate developer, has signed a lease agreement with JD Sports, the sports fashion retailer, for a 514,193 sq ft speculatively developed facility at Derby.
JD Sports has signed a 20-year lease for the facility, Derby 515, which is one of the largest single-unit speculative developments under construction in the UK.
With a BREEAM sustainability rating of ‘Very Good’ and an EPC rating of ‘A’, Derby 515 will have a 15m clear internal height, 56 dock doors and eight-level access doors, as well as parking for 185 trailers. It is expected to be completed in the fourth quarter of this year.
The building is part of Panattoni’s 900,000 sq ft development at Derby Commercial Park on Raynesway, two miles east of the city. The second unit at the park is Derby 370, which was let at the beginning of this year to Alloga UK on a 15-year lease term.
Andy Preston, Development Director at Panattoni, said: “This letting reflects the strength of demand from occupiers for immediately available space and the location of the facility, which has excellent transport links and a very large, suitably skilled workforce in one of the UK’s centres for advanced logistics.”
Letting agents are Avision Young, CBRE and Burbage Realty. CBRE acted for JD Sports.