Harworth has let the 169,400 sq ft Droitwich 170 unit to logistics provider Uniserve.
The state-of-the-art warehouse unit has been let on a 10.25 year term-certain lease. Droitwich 170 is located on the Berry Hill Industrial Estate close to Junction 5 of the M5.
Lynda Shillaw, chief executive of Harworth, said: “Our asset management team has secured several significant lettings, most notably at Droitwich, our largest single-unit speculative development, which only reached practical completion in August. Our network and market intelligence has enabled us to successfully capitalise on the strong demand for Grade A space in our regions, bringing the portfolio to near full occupancy, setting new headline rents and demonstrating the portfolio’s reversionary potential.
“Our strategy of growing our I&L investment portfolio by building out our consented pipeline of 8.7m sq ft is bearing fruit. Achieving 100% occupancy at Droitwich, the Advanced Manufacturing Park, Catalyst and Gateway 36 is a strong endorsement of this strategy, the quality of our product, and location of our sites as we optimise delivery opportunities across our consented land bank.”
