Knight Frank’s Midlands Industrial team strike on dual lettings for Mercia Real Estate

Rugeley 161

Knight Frank’s Birmingham based Midlands logistics and industrial team has advised Mercia Real Estate on the letting of two large industrial units in the West Midlands, Rugeley 161 and Halesfield 15.

Rugeley 161, a 161,145 sq ft industrial warehouse unit on Power Station Road, has been let to international e-commerce fulfilment company DCG Logistics UK Ltd on a new 10 year lease.

Located on Power Station Road in Rugeley, the property fronts on to the A51 and is in close proximity to the Amazon Distribution Centre, approximately seven miles south of the M6 motorway.

Halesfield 15 is a 170,000 sq ft industrial facility situated in Telford, previously occupied by Brintons Carpets. The property comprises a substantial industrial warehouse facility of steel portal frame construction and two storey ancillary offices. Cardboard recycling specialist OSO Fiber UK Limited has taken a 10 year lease at the property, benefitting from the substantial power supply available to the unit.

Edward Kennerley, Associate at Knight Frank commented: “We are delighted to have agreed these two major lettings in the West Midlands for Mercia Real Estate. The effects of the pandemic on consumer habits have propelled the Midlands logistics and industrial market toward new heights with a record-breaking year for take-up. Both occupiers provide key services within the e-commerce sector and are examples of ongoing trends. We are delighted to have been able to identify both occupiers extremely quickly and look forward to working with Mercia in the future.”

Samuel Clark , CEO of Mercia Real Estate said: “As the prime industrial market has continued to strengthen we have also been able to benefit from minimal leasehold stock availability in the second hand market where there is significant demand from price sensitive occupiers. Knight Frank has been pivotal in us completing these transactions.”