Property developer, Graftongate and global investment manager, BlackRock have completed a deal for the final available unit at Leicester Distribution Park (LEDP).
The joint venture partners have completed the letting of a 150,000 sq ft distribution and logistics unit on a 10-year lease to a global transportation services provider.
Built to BREEAM ‘excellent’ standard, Unit 2 was developed as part of the final phase of the 44-acre scheme, off the A47 near Leicester city centre.
Graftongate and BlackRock carried out three phases of development at LEDP during a six-year period, creating eight Grade A logistics units totalling 715,000 sq ft.
The first phase was pre-let, with the remaining seven units speculatively built and all let within six to nine months of completion.
Established occupiers include Blanson, CCL Components, Piping Rock, Samworth Brothers, Power Towers, Company Shop Group and Leicester Tissue Company.
Colin Beasley, director at Graftongate, said: “This is an excellent letting and completes a very strong occupier line up at LEDP. We are extremely proud to have worked in partnership with BlackRock to build one of the highest quality distribution and logistics locations in the East Midlands.
“Demand at LEDP has been consistently high, even before its practical completion, which is testament to the strength of the regional market and the scheme’s superb connectivity at the heart of the UK’s distribution network.”
The letting team of M1, CBRE and Innes England acted for Graftongate and BlackRock throughout the project.
