The deal will bring employment to the area as Royal Mail prepares for the organisation’s peak period in the build up to Christmas.
The 71,612ft2 property was recently refurbished by landlord Clearbell Capital and is located adjacent the A1M motorway.
“The demand for logistics space in well-located central areas continues to soar,” commented Adam James, Asset Management Director at Clearbell Capital. “We are experiencing strong levels of interest in assets such as Manton Wood as companies like Royal Mail aim to shore up their distribution networks in the run up to Christmas.”
“There continues to be significant demand for well-located logistics space across the region, and we are delighted to have secured a commitment from Royal Mail, within just six months of acquiring the building, on behalf of our client.”CPP advised Clearbell,” added Stuart Waite, Director at CPP, which advised Clearbell.