468,000 ft sq of warehousing space taken in three Ipswich deals

FDS Corporation, Magnus Group and GMA Warehousing & Transport have all taken warehouse space in Ipswich.

Chinese online specialist FDS Corporation has pre-let a 144,000 sq ft at Curzon De Vere’s Port One logistics park situated off Junction 52 of the A14 at Great Blakenham. Construction is due to complete in Q3 2020.

Subsequently Kennedy Wilson, advised jointly by Savills and MPAM, has let space to Suffolk based Magnus Group. The business has doubled the size of its warehouse facilities at Great Blakenham, now occupying 200,000 sq ft of good quality space.

The final deal sees GMA Warehousing & Transport taking the former 124,000 sq ft Alstons Furniture factory at Alston Park on Nacton Road in Ipswich. Savills and Nicholas Percival advised.

Chris Moody of Savills said: “Ipswich’s popularity as a new ‘go to’ location for distribution and fulfilment, is continuing to grow. Companies in the logistics sector see goods arriving through the port of Felixstowe being stored in Ipswich, representing a short primary leg, before being distributed across the UK both effectively and competitively.

“It is a very exciting time for the warehouse market, with a number of new high bay facilities being constructed along the A14 corridor. These three recent lettings range from £3.00 – £6.25 per sq ft.”

By Liza Helps