HBD, the property investment and development arm of Henry Boot, has let 404,100 sq ft of industrial and logistics (I&L) space across Origin, its joint venture with Feldberg Capital.
At the £53m GDV SPARK development in Walsall, logistics business Relay Tech has signed for a 250,000 sq ft unit and an unnamed energy supplier has taken a 53,000 sq ft unit. Following completion of the lettings, Phase One of SPARK is now fully let.
Virgin Wines has taken 82,000 sq ft across two units at APTUS, the £100m GDV I&L scheme in Preston, and at Markham Vale, Derbyshire, a 53,800 sq ft I&L unit within ARK phase two has been pre-let to a manufacturing business.
Following completion of the lettings, 66% of Origin’s 711,000 sq ft current total portfolio is let (59%) or under offer (7%).
Ed Hutchinson, CEO of Henry Boot, said: “Securing these significant lettings reflects both the quality of the Origin portfolio and the depth of occupier demand for modern, sustainable industrial and logistics space in well-connected locations. Each deal has set new headline rents in its respective location and further supports our confidence in the portfolio’s income and capital growth potential, as we continue to deliver projects aligned with the needs of leading occupiers.”
