Logicor, one of the largest owners and operators of logistics and distribution properties in Europe, has let MK360, the Grade A 360,214 sq ft warehouse, distribution unit, to Marks and Spencer plc following the comprehensive refurbishment.
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.
“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,” said Anthony McCluskie, Director of Asset Management at Logicor.
“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,” added Charlie Howard, UK Managing Director at Logicor.
Logicor was advised by BNP Paribas Real Estate and Burbage Realty. Marks and Spencer plc was represented by Lambert Smith Hampton.