Wednesday, December 25, 2024

Third-party logistics provider signs long-term lease for 163,000 sq ft warehouse

Delin Property has signed a long-term lease for third-party logistics provider Lloyd Fraser to occupy its 163,000 square-foot crossdock warehouse at an East Midlands logistics and distribution hub.

The property, XDock 163, is in Lutterworth’s Magna Park.

Duncan Jarvis, head of portfolio management at Delin Property, said: “We’re delighted to
welcome Lloyd Fraser as a new customer. This is a great outcome for our UK portfolio and
underscores the quality and location of this property.

“We signed at an attractive rent with Lloyd Fraser utilising the existing racking and fit-out as a plug and play solution, limiting how long the property stood empty after the previous occupier vacated it in the first quarter of this year.”

XDock 163 features 22 dock doors and three level access doors. Inside, the property has a
12.5m clear height, with the storage potential for 17,000 pallets, 360-degree circulation for
heavy good vehicles and a low 40% site cover.

Lambert Smith Hampton and Carter Jonas advised Delin Property.

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