Investment News | 17 April 2023
Logistics developer strikes deal for new facility
A global developer and operator of logistics real estate, data centres, renewable energy and related technologies has struck a deal to occupy a landmark scheme developed by Clowes Developments.
GLP has signed a 15-year lease for a 135,000 sq ft warehouse at G-Park South Normanton.
GLP completed G-Park South Normanton as a forward funded project with NFU Mutual at the end of 2022, developed by Clowes.
It forms part of a development within Castlewood Business Park, which totals more than 1.5 million sq ft of warehouse space and is home to a range of tenants such as Co-op Food, Alloga and Parker Knoll.
Adrienne Howells, senior development director at GLP, said: “G-Park South Normanton Castlewood is another important step in our ongoing commitment to the Midlands – one of the UK’s major logistics hubs.
“We’re continuing to invest in the region to provide high-quality, strategically located, sustainable logistics space to our growing pool of top-tier customers.”