Logistics firm agrees huge Daventry property deal
A national logistics firm has signed a lease agreement for a purpose-built 420,000 sq ft rail-connected distribution centre at the Daventry International Rail Freight Terminal (DIRFT).
Eddie Stobart has agreed the deal with industrial real estate company Prologis.
"This is the first building we have let to Eddie Stobart and we are delighted that we can meet the company's requirements," said Andrew Griffiths, managing director of Prologis.
"DIRFT II is now complete, but with our ongoing investment in DIRFT III, we can continue to offer our customers the best opportunities in the market for rail-served distribution facilities."
Construction of Eddie Stobart's new building will begin in November, with completion scheduled for next summer.
William Stobart, chief executive of Eddie Stobart, added: "This new building will further our rail capability and is a significant investment in the continuing success of our business."
JLL and Burbage Realty acted for Prologis and Roebuck Asset Management represented Eddie Stobart.