Eddie Stobart has taken on a significant amount of warehousing space on the Merlin Business Park in Derbyshire to help service a customer, amid a “highly active” industrial rental market.
The 134,651 sq ft warehouse space comprises five storage units with up to 8.5m eaves height and loading doors.
Mark Richardson, director at commercial property agent Rushton Hickman, said: “The development was previously occupied for a number of years by a haulier and completely lends itself to Eddie Stobart’s use as a warehouse and distribution site for them.
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“We are seeing increasing demand in the area for large distribution bases, driven by our central geographic location and great road links, in this case with the site being easily accessible from the main A50 trunk road.
Fellow Rushton Hickman director Graham Bancroft said demand for warehousing space was currently outstripping supply: “The market for both industrial and warehouse sector remains highly active with rental levels and investment returns remaining strong,” he said.
“Both the distribution and industrial sectors remain the strongest drivers in the regional commercial market.”
An Eddie Stobart spokeswoman said: “We have acquired the site for expansion and contractual growth we have with a major customer.”