- 16 December 2016
- Transport / Logistics Services
Online giant Amazon is believed to be the international retailer about to take over LondonMetric Property’s Prime@Omega development in Omega Warrington’s Omega Park in the North West of England.
LondonMetric speculatively built the 356,000 square foot cross dock facility at a cost of £30 million at the beginning of this year.
The new facility includes a 333,326 square foot warehouse as well as 17,136 of office space. It has 53 metre yard depths, 15 metre eaves, 40 dock and six level access doors as well as a 50kn/ square metre floor loading. In addition the warehouse has 152 HGV parking bays as well as 231 car parking bays.
Though not confirmed it is Amazon the new tenant has taken a 15 year lease on the property with contractual uplifts five weeks following practical completion. The letting agents are DTRE and JLL.
Speaking on the announcement of the funding deal LondonMetric chief executive Andrew Jones said: “Black Friday and Cyber Monday are timely reminders of the structural changes taking place in the retail sector as consumers continue to change the way they shop. The winning retailers this festive season – and forever more – will be those who can get products into consumers’ hands as quickly, reliably and efficiently as possible.
“This is strengthening the demand dynamics for well-located distribution space as the growth in retailers’ omni channel strategies continues to soak up constrained market supply.
This fits a pattern with Amazon who are both investing heavily in UK e-commerce and are notoriously coy about their business plans until the ink is dry on the contract. This site, if indeed being let to Amazon would be one of the biggest new sites the online giant is setting up in the UK.
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