By Liza Helps, Property Editor, Logistics Matters

THE ACQUISITIVE 3PL has secured a new 15 year lease on Unit B173 (173,356 ft2) adding to the c.104,000 ft2 it already occupies, taking its UK lettings this year to more than 2 million ft2.

Like many Chinese e-commerce and 3PL companies in the UK one of the standout features of the deal was how fast it was concluded with viewing to occupation taking just 14 days, with the lease completing within six weeks. This has been a feature for a while and stands out because deals in general have been taking longer and longer to conclude due to tough economic conditions.  Anecdotally many leasing agents nationally have noted that some of the properties currently under offer across the UK had been ‘going through the process’ for up to six months.

Global Commerce Fulfilment (GCF) General Manager Charles Lu said: “This investment gives us the space to welcome more e-commerce retailers and brands, while supporting the growth of our existing clients through our world-class third-party logistics, fulfilment and warehousing services.

“As we grow, we’re looking to create approximately 200 additional local jobs, generate about £6.8 million GBP local economy impact in Midlands Area.”

Global Commerce Fulfilment and CIRRO Fulfilment – which trades as Super Smart Service in the UK – operate in tandem as part of an integrated global cross-border e-commerce and 3PL fulfilment network.

Unit B173 sits alongside Super Smart Service’s existing 103,947 ft2 facility at Unit B103, which it has occupied since 2021. The additional space will support the company’s continued growth.

The property has a BREEAM Excellent and EPC A+ rating and benefits from roof-mounted solar PV, EV charging, a 1MVA power supply and operationally net zero carbon offices.

This recent letting follows Waterstones taking approximately 300,000 ft2 at the park earlier this year, reflecting sustained occupier demand. Other occupiers at the park include Hellmann Worldwide Logistics, Supply Technologies, Keylite Roof Windows, London City Bond, LIT Logistics Solutions and Gousto, with further units now under offer.

News and reports by Logistics Matters this year alone indicate that Super Smart Service has leased or pre-let 2.394 million ft2. Only last month Logistics Matters reported exclusively that it had taken Marq Logistics’  659,428 ft2 cross dock  MPC2 unit at its Magna Park Corby scheme. In August it was reported that secured  two units developed by Hines as part of the Axis Portfolio at Dove Valley Park as well as securing Barwood Capital’s 362,289 ft2 Nottingham 360 warehouse on Firth Way, Nottingham in June, in addition to Evans Property Group’s 206,161 ft2 Link 205 warehouse at Fradley Park. In April that the company pre-let Indurent and PLP’s 644,900 ft2 M1XL warehouse for a contract with SHEIN. It is believed the company has other requirements in the market.

Avison Young represented Super Smart Service while Savills and Box4 Real Estate acted for Indurent.