Logicor lets 360,000 sq ft warehouse to Marks and Spencer plc
21 May 2020
Logicor has let MK360 to Marks and Spencer plc following the comprehensive refurbishment of the Grade A 360,214 sq ft distribution unit.
MK360 is a high-quality warehouse, strategically located in Milton Keynes, benefiting from 12m clear eaves height and a 55m deep yard. Marks and Spencer plc has signed a 10-year lease on the warehouse which will serve its M&S Food division. Anthony McCluskie, Director of Asset Management at Logicor, comments: “We have been working closely with Marks and Spencer and their agent Lambert Smith Hampton for a number of months and are thrilled to have concluded this letting together.
“Marks and Spencer is a new customer to our portfolio and we have enjoyed working with them to find the right building to suit their needs and to be involved with their changing supply chain strategy.”
Charlie Howard, UK Managing Director at Logicor comments: “We are delighted to welcome Marks and Spencer to our portfolio and hope that the letting of MK360 is the first of many successful projects between us both. As well as working closely with our existing customers, we are pleased to work with other leading companies such as Marks and Spencer and are very pleased to have secured a lease with them on this strategic asset.”
Logicor was advised by BNP Paribas Real Estate and Burbage Realty. Marks and Spencer plc was represented by Lambert Smith Hampton.
Charlie Howard, Logicor: +44 (0)207 198 2433
Kate Titchmarsh, Flashbulb: + 44 (0)7595 673610 (media contact)
Logicor is one of the largest owners and operators of modern logistics and distribution properties in Europe. As at 31 December 2019 we own a portfolio of 618 high-quality properties with a lettable area of approximately 13.6 million square metres located in key European logistics markets. Logicor is headquartered in London and Luxembourg.