TikTok secures Rugby warehouse for dedicated UK e-commerce delivery
Social media platform TikTok has secured a 150,000 ft2 plus warehouse in Coventry as its first dedicated ecommerce facility in the UK.
By Liza Helps, Property Editor, Logistics Matters
THE SOCIAL media giant has taken the speculatively built 150,400 ft2 Rugby 251 facility at Coton Park next to Junction 1 of the M6 motorway, which is owned by JingDong Property, the real estate investment and management arm of Chinese e-commerce conglomerate JD.com
THE SINGLE-storey facility consists a 235,267 ft2 warehouse with 15m eaves and 24 euro dock and three level access doors served by a 50m yard with 69 HGV parking spaces. It incorporates 15,000 ft2 of office space and has been built using a structural steel, multi-span portal frame. It has a BREEAM Excellent and an EPC A+ rating.
Construction contractor Winvic completed the build on a 60-week programme earlier this year.
Logistics Matters reported that Jingdong Property signed a development agreement with UK developer Newlands Developments for the delivery of the new 250,400 ft2 logistics facility at Coton Park, Rugby in June last year. Agents Cushman & Wakefield, Savills, Wallis Real Estate, and Lambert Smith Hampton, advised on the deal.
Joint letting agents for Rugby 251 were Lambert Smith Hampton and CBRE.
