Delin Capital secures Go Outdoors warehouse letting

Delin Capital has signed a 353,000 sq ft letting at a distribution centre in Cheshire with outdoor clothing and equipment retailer Go Outdoors. The retailer, which was acquired two years ago by JD Sports, has agreed to a five-year lease at the Middlewich building. The warehouse was acquired by Delin Capital in December 2013 and is located on the Midpoint 18 logistics park, close to junction 18 of the M6. Delin Capital’s eight-asset UK portfolio, measuring 1.75m sq ft, is now fully occupied. Jonathan Gardner, Delin Capital’s head of asset management, said: “Securing Go Outdoors, an established yet growing UK retailer, as a tenant is a signficant coup for our UK team and we look forward to building a relationship with them. “The transaction further demonstrates the continuing trend for online retail sales growth to filter through to sustained demand for UK logistics space.” Delin Capital was advised by B8 Real Estate and Knight Frank. Go Outdoors was advised by JD Sports’ in-house real estate team. To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette