Consolidation of logistics firm's units at Newark East

Our Peterborough has secured a new tenant for modern 27,639 sq ft warehouse in Peterborough’s most established industrial trading area by way of lease assignment for the agency’s client.

The warehouse premises on 1-4 Newark East, Newark Road, in the city’s Eastern Industry area will see the new tenant, a market leader in "shopping locker" services - relocate from two other units on a different site in the city to consolidate its operations in one, central Peterborough hub.

The clear span warehouse is less than 10 years old and has an energy performance rating of ‘A’ and EV charging provision in the yard.

Julian Welch, who led the agency on its client’s planned disposal of the existing lease, said, “Undoubtedly, these premises provide the new tenant with a more modern and efficient building in line with its position as a market leading e-commerce distributor.

“Peterborough’s Eastern Industry area, in and around Newark Road, continues to perform for businesses in light industrial, trade counter, warehouse and manufacturing sectors for whom connectivity to the region’s excellent road networks is vital in terms of serving customer bases and attracting employees with the right skillsets.”