Specialist logistics developer Padrock has let Erith Logistics Hub, its 71,530 sq ft single unit development in south east London, to global tableware manufacturer Nevilles on a 15-year lease.
Nevilles is relocating from its existing head office premises in the town, where it has been based for the past 26 years, and will use the new building as its headquarters and Global Distribution Centre. The fit out is underway and Nevilles should occupy Erith Logistics Hub in April 2027.
The unit is located within the established Belvedere and Erith industrial area, where occupiers include Ocado, Amazon, Lidl and Tesco. Junction 1a of the M25 is just over five miles away and the Dartford Crossing six miles.
Erith Logistics Hub has 12.5m eaves, 526 kVA of power, six dock levellers, two level access doors and a 35m deep secure yard. It also includes 11,190 sq ft of fitted offices across two floors.
Nevilles finance director, Robert Finden, said: “We have been based in Erith since 2000 and wanted to remain in the town when the time came to move premises again. Retaining our skilled and experienced team was a key factor in that decision.
“Erith Logistics Hub is therefore the ideal new headquarters location for us. In particular, its dimensions and outstanding sustainability credentials provide us with a facility that will enable us to deliver our growth and serve our customers more efficiently.
“The Padrock team were attentive throughout the process of securing the site and have worked closely with us to ensure the building meets our requirements.”
Padrock has around 1m sq ft of Grade A urban MLI and logistics accommodation under construction or ready for development with a combined gross development value of approximately £500m.
All the company’s schemes target a BREEAM Excellent rating, an A+ Energy Performance Certificate (EPC) and achieving net zero carbon.
In addition to Erith, Padrock’s live developments are located within the M25 in Hertford, Leyton and Dagenham. Over the summer, Padrock submitted plans for two further schemes, one in Elstree and the other in Waltham Cross.
Padrock asset manager, Scott Edgar, commented: “Securing a 15-year commitment from an occupier of Nevilles’ calibre in what remains a challenging market is a testimony to the outstanding specification of Erith Logistics Hub.
“Nevilles has a long history in Erith. Its decision to remain in the town and grow here is a strong endorsement of the accommodation we have delivered.
“We now look forward to welcoming the Nevilles team to their new home and seeing the business continue to implement its expansion plans.”
Glenny advised Nevilles on the letting. Agents for Erith Logistics Hub are DTRE, CBRE and M1 Agency.
