Major Derbyshire warehouse let to shipping group

On behalf of Aberdeen Standard Investments, Knight Frank and JLL have let a large 141,459 sq ft distribution warehouse in Swadlincote.

The building, known as Tetron 141, has been taken by logistics business Jenkins Shipping Group Limited on a five-year lease agreement at an annual rent of £5.75 per sq ft.

Formed 35 years ago, Jenkins Shipping is an independent, owner-managed business and one of the UK and Ireland’s market-leading logistics specialists. It has leased the Derbyshire premises to enable it to service a new contract.

James Clements, head of Knight Frank Midlands’ Logistics & Industrial said: “We are delighted to have secured Jenkins Shipping Group in Swadlincote. The previous tenant vacated the building five months ago so to have identified and agreed terms with another occupier so quickly is proof of the lack of Grade A accommodation available in the immediate market.”

Other local occupiers near to Tetron 141 include Bison, Clipper Logistics, Roger Bullivant and TNT.

Aberdeen Standard Investments was represented by Knight Frank and JLL. Jenkins Shipping Group was represented by CBRE.