New 190,000 sq. ft site adjacent to the M1 motorway
Designed to a BREEAM Excellent standard with expected completion in July 2023
Second investment by Blackbrook in UK logistics in the past month
London, 7 September 2022 – Blackbrook, a specialist European real estate investor focussing on future-proof supply chain infrastructure, today announced its investment in a 190,000 sq. ft Class A logistics facility in Nottinghamshire.
The facility will be located at a key junction on the M1 motorway, the UK’s main north-south arterial route, directly connecting Sheffield and Leeds to the north and London to the south. This makes it highly suited for both regional and national distribution, with 85% of the UK population reachable within a 4-hour drive.
Local occupiers in the immediate vicinity include Amazon, XPO, Co-op, and UPS. The site has excellent access to local public transport via local bus routes as well as the UK railway network, with direct trains to Nottingham, Birmingham, Derby and Sheffield.
Scheduled for completion in July 2023, the new development consists of a BREEAM Excellent, Class-A logistics facility designed to cater for a single occupier, with modern specifications above typical standard, including 15-metre clear heights.
This news follows Blackbrook’s recent announcement that it has invested in the development of a 400,000 sq. ft logistics facility in South Yorkshire.
Jon Strang, Managing Director of Blackbrook said: “The availability of labour has quickly become a top priority for logistics occupiers, and so we know that the large and highly skilled workforce in the local area will be an attractive proposition for tenants alongside class-leading specifications. Its positioning in one of the UK’s most important national logistics locations, with excellent connectivity both north to the major cities of Sheffield, Leeds and Manchester as well as south towards Birmingham and London, will also fundamentally contribute to its appeal.”
Arvi Luoma, Co-Founder & CEO of Blackbrook added: “We’re excited by Blackbrook’s growing momentum in the UK market in locations with limited supply and where there continues to be strong tenant demand arising from the broader secular trends in e-commerce, as well as an increasing requirement for supply-chain efficiency, sustainability and resilience. The favourable leasing dynamics of this project, along with its high specifications and its core logistics location, make this investment a perfect fit for our rapidly growing European portfolio.”