Dachser Transport UK, part of the massive German logistics company Dachser GmbH & Co KG, has signed up to take the 35,000 sq ft (3,250 sq m) Unit 35 on Edisons Park as its southern England base.
Dachser has agreed a 15-year lease with 10-year break option at a rent of £7.50 per sq ft (£80.73 per sq m) for the distribution unit, which will be operational this summer. It will be used as Dachser’s new east of London depot and will complement its UK headquarters in Northampton. The Landlord is a pension fund client of Orchard Street Investment Management.
Following the recent letting of 27,500 sq ft (2,500 sq m) to shirt maker Thomas Pink, only one distribution unit of 27,500 sq ft (5,110 sq m) now remains available at Edisons Park.
Chip Mitton of Edwin Hill, joint letting agent on the scheme, comments:
“The determining factor for Dachser in its choice of location was motorway access. With Edisons Park on junction 1a of the M25, you couldn’t be closer to the motorway without being run over!”
Edwin Hill and Colliers CRE jointly acted on behalf of clients of Orchard Street Investment Management in the letting; Dachser was unrepresented.
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Orchard Street Investment Management
Established in 2004, Orchard Street Investment Management LLP is a leading specialist commercial property investment manager, focused on the UK market. It acts on behalf of institutional clients world-wide to advise on investing in and the active management of property assets, including industrial, retail warehouses, offices and shopping centres. Orchard Street currently has assets under management exceeding £4 billion.