Another Chinese 3PL snaps up a Midlands warehouse
In little under a week yet another 200,000 ft2 plus warehouse in the Midlands has been snapped up by a Chinese 3PL operator. Last week we heard that Cainiao UK Supply Chain, had taken Prologis’ recently refurbished DC4 warehouse at Apex Park in Daventry; this week DCG Logistics UK an expanding Chinese 3PL operator has taken developer investor Logicor’s recently refurbished DIRFT200 warehouse also in Daventry.
By Liza Helps, Property Editor, Logistics Matters
DCG HAS taken DIRFT200, totalling 204,660 ft2, as an ideal logistics hotspot to allow its customer, a global technology manufacturer to expand in the UK.
Logistics Matters research into reported deals and planning applications has found that Chinese 3PLs and ecommerce companies have been exceedingly active so far this year with some 1.5 million ft2 taken up so far this year mostly in space in the Midlands.
As well as the letting to DCG, Logicor has also let DIRFT150 a 143,155 sq ft property to UK 3PL Menzies Distribution Solutions. This unit will help Menzies to meet an urgent need for additional warehouse capacity, enabling it to expand its customer base across the UK.
The two units were refurbished and let within 10 months of the previous customer vacating, demonstrating the continued strength of occupier demand for quality refurbished logistics facilities in prime distribution hubs.
Logicor Director Asset Management Tom Blakely, said: “Signing two new customers to the recently refurbed units at DIRFT, in such quick succession of being vacant, is a clear indication of the strength of demand from distribution and 3PL customers for quality assets in great locations.
Agents on DIRFT200 were DTRE, Incore and CBRE while DTRE and ILP Partners were joint agents on DIRFT150.
