Freeths is delighted to have acted for Eddie Stobart Limited on its lease agreement for a purpose-built 420,000 square foot rail-connected distribution centre at the Daventry International Rail Freight Terminal (DIRFT). Developer Prologis has started work and Eddie Stobart aims to be servicing customers in the new building by next summer.
Jon Smart, Real Estate Partner at Freeths who acted on the deal for Eddie Stobart, assisted by Nicola Grange of the firm’s Transport and Logistics Group, commented: “This is one of the biggest deals of its kind in the region this year and we have relished acting for Eddie Stobart on it, working well with the Prologis team and achieving an exchange of contracts in quick time”.
Rupert Nichols, legal director and company secretary of Eddie Stobart Limited added: “This new building will further our rail capability and is a significant investment in the continuing success of our business. Jon and his team at Freeths know this sector well and having used them in a former logistics role I knew they would deliver. Having been told that other deals on DIRFT had taken many months in legals, we were delighted that Jon helped us exchange this significant deal for the business in a few weeks”.
JLL, Burbage Realty and Addleshaw Goddard acted for Prologis and Roebuck Asset Management and Freeths represented Eddie Stobart.
