Clearbell UK Strategic Trust (CST), a fund advised by Clearbell Capital, has agreed a lease with Royal Mail on a 71,612 sq ft warehouse on the Manton Wood Business Park in North Nottinghamshire.
The letting was facilitated by property consultants Commercial Property Partners (CPP).
Royal Mail has agreed a five-year lease at Manton Wood, which has recently undergone a programme of refurbishment and improvement works.
The Manton Wood Business Park is located in Worksop, North Nottinghamshire, situated adjacent to the A1 with good road connections to both the north and south of the UK.
Other occupiers in the vicinity include DHL, B&Q and Wilko’s national distribution centres, as well as national food manufacturing operators Cargill, Greencore and Samworth Brothers.
The deal will bring employment to the area as Royal Mail prepares for the organisation’s peak period in the build up to Christmas. The unit will continue to support the company’s Sheffield Mail Centre all year round, which serves customers across South Yorkshire and Lincolnshire.
Adam James, asset management director at Clearbell Capital, said: “The demand for logistics space in well-located central areas continues to soar. We are experiencing strong levels of interest in assets such as Manton Wood as companies like Royal Mail aim to shore up their distribution networks in the run up to Christmas.”
Stuart Waite, director at CPP, said: “We are delighted to have secured a tenant within six months of acquiring the building for our client, who’s decision to immediately refurbish and improve the building has paid off.
“There continues to be significant demand for well-located logistics space across the region and we are delighted to have secured a commitment from Royal Mail on behalf of our client.”
