Aviva completes 197,000 sq ft logistics letting

Aviva Investors has let a 197,000 sq ft distribution facility in Northampton to e-commerce fulfilment provider Cygnia Logistics.  The lease, at Brackmills Industrial Estate, spans 15 years. The business has been “in situ” since 2015 as a subtenant to Office Depot. As part of the deal Office Depot has terminated its lease at the location, which was due to expire in 2024. The distribution hub, which is roughly 20 years old, offers around 197,000 sq ft of distribution space, along with a 15-metre height clearance and twin yards with 60m and 80m depths respectively. Ben Lomax, director of real estate at Aviva Investors, said: “This deal demonstrates continued demand for well-located distribution space from businesses looking to strengthen their supply chains at a time of heightened uncertainty. “The position of this asset, with close access to major road networks, makes it particularly attractive for businesses and is in keeping with our focus on high-demand locations that can offer long-term performance within our portfolio.” Aviva was advised by MK2 Real Estate and Cygnia was advised by Clews & Co. To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette