Over 40,000ft² of prime space has been let just off Junction 28 of the M1 Motorway to an expanding medical company.
Medequip, a leading provider of community equipment services to local authorities and the NHS throughout the UK, has taken the space, in a deal agreed by Tim Gilbertson, Director at FHP Property Consultants, acting on behalf of Legal & General.
Medequip required a new distribution centre to consolidate operations from sites in Alfreton and Derby, and as a net zero carbon property, the space will also contribute to the business’s own decarbonisation.
Tim Gilbertson, Director at FHP Property Consultants, who concluded the deal on behalf of the Landlord, said: “What a lovely start to 2025 this is, this prime Grade A refurbished space at Junction 28 has created a lot of interest and I am delighted to see that we have now completed the letting to a strong covenant as they expand and relocate to continue their position as the UK’s leading supplier of community equipment services to both the local authorities and the NHS.
“A long term lease has been secured on the building which created good interest after extensive marketing with its recent net zero carbon refurbishment adding attraction to the occupier eventually secured.
“This again shows a lack of similar available stock now in the marketplace but hopefully as the year progresses there will be more opportunities of similar calibre available in the market.”
Andrew Firth, Medequip’s Operations and Commercial Director, said: “Medequip required a new distribution centre to consolidate our operations from existing sites in Alfreton and Derby which service our Derbyshire and Derby City Community Equipment Service contracts.
“The net zero carbon property will contribute to our own decarbonisation aims as well as providing a more efficient and convenient centre for our local colleagues and customers.”
Tim Gilbertson concluded by adding: “Hopefully, this letting is a good sign of a successful year to come for the industrial and distribution market throughout the East Midlands and with ongoing demand and limited space, we hope to bring news of further similar deals shortly but as ever, there is a demand for more space to come to the market to meet ongoing enquiries.”
