Paack Logistics UK triples space in London

Logistics firm Paack Logistics UK has let global investment manager Federated Hermes’ 33,446 sq ft warehouse at Perivale Park in West London.

Alex Kington, vice-president of Altus Group, which is joint letting agent, said: “Paack are a fast-growing international logistics business that entered the UK within the last three years and has since seen significant growth.

“Their requirement was to triple their warehouse space, in close proximity to their existing space in Acton and the transaction happened within six weeks of the first viewing, highlighting Federated Hermes’ proactive asset management approach. Perivale Park’s location was fundamental to both Paack’s staff and delivery movements.”

The unit comprises a warehouse, ancillary office space and car park, and has recently undergone refurbishment.

Stephen Ellis, senior investment manager at Federated Hermes, said: “There has been very good demand for units at Perivale Park, particularly due to its excellent road access to central London and close proximity to the Central Line for staff, as well as the landscaped environment and high level of security available to occupiers.”

Perivale Park provides its diverse tenant mix with enviable access to Central London and the M25, being situated just 100 metres from Perivale Underground Station and within half a mile of the A40.

JLL and Altus Group are the appointed agents for Perivale Park.