Logicor, a leading European owner and manager of logistics real estate in Europe, has secured a long lease with leading retailer, Marks & Spencer (M&S) at DIRFT 224, Daventry, following refurbishment of the c.224,000 sq ft cold store distribution facility located at Daventry International Rail Freight Terminal (DIRFT).
M&S, an existing customer, will move into DIRFT 224 at the end of this month to complement its existing strategic network. Situated adjacent to the M1 at Junction 18, five-minutes’ drive time from the M6/A14 interchange, the modern, detached warehouse also offers excellent access to the national motorway network.
Anthony McCluskie, Logicor’s Director, Asset Management, UK, comments: “It’s great to work with M&S again to provide this refurbished modern chilled storage for our valued existing customer. The site has undergone a full refurbishment which was delivered on time, ready for M&S to occupy ahead of their Christmas peak. M&S will join a number of blue-chip occupiers at this prime distribution park.”
DIRFT, the UK’s premier inter-modal, rail-connected site is located in the ‘Golden Triangle’ for logistics. The largest rail freight terminal in the UK, with a direct link to the Channel Tunnel, domestic destinations and deep sea ports, DIRFT has the capacity to handle around twice as many trains per day as any rival facility.
JLL and Cushman & Wakefield advised Logicor.
Alongside extending the relationship with M&S, an extensive refurbishment programme has begun on three detached warehouses within a large secure site, known as CAMPUS 450, at DIRFT which will enhance the sustainability of the current assets.
As part of the work to improve the sustainability of assets across the Logicor portfolio, EV charging points, new LED lighting, and air source heating will all contribute to lowering the carbon emissions and will be targeting BREEAM Very Good.