Armstrong Logistics takes Magna Park shed
Armstrong Logistics has taken an additional warehouse at Magna Park Lutterworth in order to satisfy growing demand within its contract with Aldi.
It has taken XDOCK377, a 377,070 sq ft warehouse on a 15.5 year lease at £6.50 per sq ft from landlord UK Commercial Property REIT, which is managed and advised by Aberdeen Standard Investments.
The property was previously occupied by Argos and has undergone a £7m plus refurbishment which included a full refurbishment of the office space including full LED lighting and high-efficiency heating, ventilation and cooling. The EPC rating improved to a B as a result of the works, future-proofing the asset against expected tightening of energy performance regulations over the next decade.
The landlord was advised by CBRE, Savills and Burbage Realty.