EXEL Logistics takes 300,000 sq ft prelet at DIRFT

As tipped by Estates Gazette (20 November 2004), EXEL Logistics has taken a prelet on 300,000 sq ft of warehousing at BL Rosemound’s Daventry International Rail Freight Terminal (DIRFT), close to junction 18 of the M1. BL Rosemound is a limited partnership between The British Land Company and Rosemound Developments. EXEL will pay a base rent of £5 per sq ft for a 300,000 sq ft warehouse built to shell specification. BL Rosemound acquired 74 acres at DIRFT East and Central from Severn Trent Property in March 2004. The site has planning consent for up to 1.33m sq ft of distribution warehousing. Nigel Webb, head of developments at British Land, commented: “We are very pleased to have secured our first preletting so soon after acquiring the site. “Occupier interest in the rest of the site is also very positive. DIRFT is able to offer occupiers units of up to 850,000 sq. ft. to meet the current requirement for large, well located accommodation.” DIRFT’s current occupiers including Tesco, Royal Mail, and Eddie Stobart. References: EGi News 13/12/04