- 25 January 2019
- Transport / Logistics Services
Amazon is known to have pre-let a two million square foot warehouse space in Durham, in a deal worth £141.5 million.
While Amazon has said nothing itself, in a trading statement this month by the site owners Tritax, the online retailer was strongly indicated in what is one of the biggest warehouse lets in the UK in 2018.
The new site is to be purpose built for Amazon and has three mezzanine floors within that covers 1,992,061 square feet including all floors within. Amazon is known to be planning high levels of automation in the new site.
The infrastructure of the new Durham Amazon site is excellent with direct access to J61 of the A1(M) as well as being located close to Durham Tees Valley Airport, Newcastle International Airport and Durham railway station. The location is also near to the ports of Tees, Hartlepool, Sunderland and Tyne.
The site is expected to be handed over in summer 2020, and will involve a 20 year lease.
Colin Godfrey, partner of Tritax, commented: “We worked very closely with our occupier customer to deliver this state-of-the-art, pre-let development, which provides the Company with further exposure to a market leading occupier. Strategically located in an increasingly important logistics location with a strong labour supply, this asset, once operational, will be the largest single let logistics facility outside the South East, as well as one of the most technologically advanced fulfilment centres in the UK, whilst providing further exposure to a high calibre tenant on a long lease.”