Sunrise Real Estate, the pan-European investor, developer and asset manager specialising in high-quality logistics real estate, has fully leased its 673,000 sq ft prime logistics asset in Rugby, UK, to ID Logistics UK, a leading international transport and logistics company.
The asset was acquired by Sunrise in 2022 and it has since undergone a comprehensive refurbishment to reposition it as a prime logistics facility with strong sustainability credentials.
As part of the refurbishment, the scheme achieved an EPC upgrade from D to A and a BREEAM ‘Very Good’ certification. Additional enhancements include a full CAT A office refurbishment, a new employee wellness area, full electrification of the building, 18 EV charging spaces, and a PV panel-ready roof.
Situated in Rugby in the West Midlands, a nationally significant distribution hub within the UK’s logistics ‘Golden Triangle’, the asset benefits from strong connectivity and is well-suited to large-scale distribution. With ID Logistics UK as its occupier, the site will operate as a high‑performance e-commerce fulfilment centre, supporting a major global customer in the online retail sector.
Jenny Wang, COO, Sunrise Real Estate, said:
“This sizeable letting highlights the continued strength of demand for high-quality, well-located logistics space in core UK distribution markets. Through a comprehensive refurbishment programme, we have repositioned the asset to meet the evolving requirements of modern occupiers, particularly around sustainability and operational efficiency, ensuring we were able to quickly secure a new high-calibre tenant for the asset when the previous tenant decided to exit its lease.”
Stuart Evans, MD, ID Logistics UK, said:
“This latest site acquisition marks another significant milestone for our business as we expand our footprint in the UK. This investment reflects our continued growth, our commitment to customers and the incredible work of our team driving the business forward. All of us at ID Logistics UK are hugely excited and looking forward to the opportunities this next chapter in Rugby will bring.”
