Due to high demand in recent months, Northwood Urban Logistics now has just two units (one 10,488 sq ft unit and one 3,250 sq ft unit) remaining at its Trent Gateway scheme.
Recent deals, brokered by JLL and FHP, have included Tekled, Conker Bespoke Furniture Ltd, and Europadisc. They join a range of other established businesses based on the 18-unit industrial site, including RSK Group and BW Flexible Systems.
Demand for logistics real estate in the East Midlands is on an upward trajectory, according to the leasing agents of Trent Gateway.
JLL’s own research has revealed that the industrial property sector is being driven by increasing demands on ecommerce and express parcel delivery, as well as those requiring third-party logistics, healthcare and life sciences. Yet, suitable land and planning permission for new units is currently in short supply.
Gemma Constantinou, industrial director at JLL East Midlands, said: “The uplift in demand for space within the East Midlands reflects the wider trend visible across the sector regionally and globally. Our own research has shown that 74% people in the sector are expecting growth in the next five years but equally struggle to secure the facilities required.
“Nottingham continues to experience this robust demand with limited new build Grade A options. Trent Gateway has benefited from having quality units, in a great location with enviable green credentials.”
Iain Taylor, director at Northwood Urban Logistics, said: “We are very pleased to welcome our latest occupiers to the scheme. Trent Gateway is able to accommodate a wide range of occupiers who will be able to adapt the units for a variety of uses.”
Anthony Barrowcliffe, surveyor at FHP said: “The marketplace is starved of excellent quality industrial units like Trent Gateway and due to this we have experienced great success with only 2 units remaining but with several active conversations taking place on these remaining units.”
