Nuveen Real Estate has signed three new lettings totalling c. 50,000 sq ft at EOS industrial hub, a newly developed Grade A scheme in Braintree, Essex, for its European Core Plus Logistics strategy.
The EOS industrial scheme achieved practical completion in summer 2023 and comprises nine highly sustainable, energy efficient industrial units, totalling ca. 125,000sq ft of BREEAM certified space with an EPC rating of ‘A’.
The company signed the leases in September, representing 40% of total available area.
Nuveen Real Estate forward funded the EOS development at Horizon 120 business park, a key cornerstone investment for its European Core Plus Logistics strategy which targets both standing investments and development opportunities.
In close proximity to London, the asset benefits from supply constrained dynamics and excellent arterial connectivity, with direct access to the A120 and Junction 8 of the M11, providing links to the UK’s wider motorway network as well as Stansted Airport.
James Ellis, Director, Investment & Portfolio Management, Europe at Nuveen, said: “Braintree is an established industrial and distribution location, with an acute shortage of high-quality industrial space. Our forward funding of EOS has now delivered a new Grade A scheme better suited to today’s warehouse occupier, and we have already been able to secure quality tenants for a large portion of the space within a short timeframe. The ongoing leasing momentum is a strong vote of confidence in the EOS park, its energy efficiency credentials and best in class offering. 6 units remain available to lease, and we expect strong interest to persist from occupiers looking for more future-proofed solutions.”
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