B&M signs lease extension in Runcorn with expansion plans
Logicor, a leading owner and manager of logistics real estate in Europe, has announced that B&M, one of the UK’s fastest-growing variety retailers, has agreed a lease extension at its Onyx 350 warehouse in Runcorn, UK which will support its expansion plans.
A new lease has been secured for the 343,312 sq ft existing premises and Logicor has committed to developing an additional c.112,000 sq ft of warehouse space for the growing retail business. Following completion of these works in 2023, a new 10-year lease will commence on the new warehouse which will total c.455,000 sq ft.
Located in one of the North West’s prime distribution locations in the east of Runcorn, the 300-acre Manor Park Industrial Estate is adjacent to the A558 which provides easy access to the M56 and also benefits from the recent completion of The Mersey Gateway Bridge, to improve connectivity between Merseyside, Runcorn and the Midlands. The park is home to several other well-known national and international companies.
B&M will continue occupying the existing building during construction of the new warehouse space. The expansion works will include the extension of the service yard to the north and the east, eleven new loading docks, two additional level access doors and 32 additional HGV parking spaces.
Tom Blakely, Logicor Director, UK Asset Management, comments: “With B&M’s expectations to increase employment in Runcorn, we worked closely with their team to understand their expansion needs, working to keep them in the premises and location that they know well, and to design the right space for their expansion needs.
“As part of the new development, we’ll also upgrade their existing warehouse to provide LED lighting throughout, for the benefit of staff and the environment, and delivering a BREEAM certified asset.”
Planning permission is submitted and building works are expected to start in Q3 2022, with planned completion expected in the first half of 2023.
Logicor starts work on site with Stockport warehouse refurbishment
Logicor, a leading owner and manager of logistics real estate in Europe, has started work on the refurbishment of its 22,023 sq ft unit at Lawnhurst Trading Estate, Stockport, which will be available to rent in Q4 2022.
Unit 16 comprises a 18,573 sq ft warehouse, with 3,450 sq ft of office space. Both spaces will be fully redecorated with LED lighting throughout, replacement cladding and insulation, and new level-access doors. The enhancements will also include the installation of an air source heat pump and cooling system, and EV charging points.
Positioned in an established industrial area, Lawnhurst Trading Estate is strategically located close to Junctions 1 and 2 of the M60 Motorway, 9 miles south of Manchester City Centre.
James Carney, Logicor’s Senior Asset Manager, comments: “We are excited to start work on the full refurbishment of Lawnhurst Trading Estate, bringing the property back to life to provide high-quality, sustainable business space for this established industrial location.”
JLL and Sanderson Weatherall have been appointed as joint letting agents for the scheme.
Dunelm comes to Logicor’s Radial Point, Stoke-on-Trent
Dunelm has taken a new five-year lease at our Radial Point in Stoke-on-Trent. The home furnishings retailer will occupy the 184,910 sq ft warehouse to serve its expanding UK business.
Dunelm chose to work with us on their warehouse expansion plans and, following their fit out, have taken immediate occupation of its new Stoke-on-Trent warehouse. The new site will help Dunelm meet customer demands by becoming a key element in the growth of Dunelm’s furniture business, enabling them to provide better delivery service levels.
Our warehouse was the ideal solution for Dunelm, with the location being key to their well-established foundations in the area. The move also supports Dunelm’s focus on innovating and improving its customer proposition, as well as the growth in home delivery and click & collect operations that resulted from the pandemic.
Tom Blakely, Logicor’s Director, Asset Management, comments: “We are thrilled to welcome Dunelm as a new customer to our UK portfolio and to work closely alongside them to find their solution. The retailer has already made Stoke-on-Trent its hub and is very familiar with the area, occupying three units in the immediate vicinity, so Radial Point was a natural choice for them.”
Following completion of a schedule of works within the unit, Dunelm have commenced operations from the property.
Logicor lets Widnes 108
Logicor has secured a new 10-year lease with a leading international packaging company at Widnes 108, taking the Platform portfolio, that Logicor asset manages, to 100% occupancy up from 89.7% in just 12 months.
Logicor assumed management of the 4.25 million sq ft portfolio in October 2020 and has since welcomed AX to L49 in Lichfield and Super Smart Services to Lichfield L117 and Worcester 163. Widnes 108 totals 107,222 sq ft of Grade A speculatively built business space which the new occupier will use to produce sustainable packaging in support of their growing ecommerce customer base.
Vice President responsible for Business Transformation comments: “We are excited to grow our global foot-print in the UK with a state-of-the-art modern facility to serve our international customers with innovative & sustainable packaging solutions. Logicor has been a delight to work with in this fast-track project demonstrating flexibility & creativity to design scalable building solutions to meet our business needs”.
Tom Blakely, Director, Asset Management – UK, Logicor, says: “This is an exciting new addition to our UK portfolio with a customer leading the way in sustainable packaging, and we are very pleased to welcome them. As the last unit to let in this portfolio, we are now focusing on the available land nearby in Widnes and Lichfield which present ideally located build-to-suit development opportunities.”
Logicor, along with development manager Stoford, recently secured planning permission for up to 360,000 sq ft of new industrial and warehouse facilities at Widnes 360, offering flexible options from 50,000 sq ft upwards. Widnes 360 is strategically located with direct access to the national motorway network via the Knowsley Expressway.
A further 310,000 sq ft is available at Lichfield 310 with units from 40,000 sq ft upwards. Lichfield 310 is situated in the heart of the Midlands, approximately 16 miles north of Birmingham fronting the A38 and a few minutes’ walk from Lichfield Trent Valley train station.
Both Widnes and Lichfield are available on a build-to-suit basis and ready for immediate development.
DTRE and Avison Young are retained as letting agents at Widnes 360. Avison Young and CBRE are advising Logicor on Lichfield 310.
European community spaces rejuvenated on Logicor Volunteer Day
European partnership between Trees for Cities and Logicor positively contributes to local green spaces
Over 200 of Logicor’s employees have contributed to a variety of community green space rejuvenation projects across Europe through the inaugural Logicor Volunteer Day.
Each individual spent a full working day actively helping projects at a variety of public spaces across the local communities in the region where they are based. The locations were identified by Trees for Cities, a charity that works internationally to create greener cities.
The list of projects includes:
Goodmayes Park, London: Maintaining and caring for a recently planted new woodland and a community orchard, increasing biodiversity and ensuring the space continues to provide for local residents.
Obsthof am Steinberg, Frankfurt Germany: supporting the apple harvest at this organic apple farm.
Giardini Pubblici, Milan: removing weeds and debris to restore a pedestrian walkway at Milan’s first public park.
Casa de Campo, Madrid, clearing an overgrown part of Madrid’s largest public park.
Les Jardins du Ruisseau, Paris: clearing overgrown area, planting plants encouraging bee pollinators and repairing greenhouses and garden furniture.
Natur & ëmwelt a.s.b.l. reserve, Luxembourg City: maintenance of the local environment to support wildlife and biodiversity.
Fundacja Św. Jana Jerozolimskiego, Warsaw: clearing and maintaining the gardens of a senior citizen care home.
Mustikkamaa, Helsiniki: clearing the invasive Rosa Rugosa to ensure biological diversity is maintained across the island.
Sheena Singla, General Counsel & Head of ESG, Logicor said:
“I’m delighted with the positive impact our employees have made to their local communities through their volunteering efforts. Partnering with Trees for Cities has been a fantastic way to proactively rejuvenate these green spaces that are valued by local communities and residents. As a leading European owner and manager of logistics real estate we understand the important role we can play in building a sustainable future for the benefit of society – employee volunteering is just one aspect of demonstrating this commitment.”
Charlie Howard, UK Managing Director, Logicor said:
“We had a fantastic day together working with the wonderful charity Trees for Cities planting and maintaining the woodland areas of Goodmayes Park in East London. Over 50 UK based colleagues gave up their time for this very rewarding and fulfilling days activity. It was great to be together again and to give our time improving this lovely London park which hopefully will continue to be enjoyed by the local community for generations to come.”
Rory Field, Corporate Partnerships Director, Trees for Cities added:
“Thank you so much to Logicor for the wonderful partnership we have together. As part of the partnership, almost all Logicor employees are getting stuck in, across Europe, with a variety of local environmental projects that are collectively making a massive difference to local communities. Quality green spaces have never been more important than now; to us as people, our mental and physical health; as well as creating a healthier environment crucial to us. More members of local communities in locations across Europe will be attracted to improved outdoor spaces and enjoy the benefits that spending time in the outdoors brings.”
As part of the initiative, Logicor and Trees for Cities have committed to planting a new tree for each Logicor colleague that actively participates in the Logicor Volunteer Day.
Further information about Logicor’s approach to corporate responsibility and ESG strategy can be found here.
Logicor UK wins Property Company of the Year at the 2021 IAS awards
Logicor has won the award for Fund / Property Company of the Year at this year’s UK IAS Awards. This prestigious award, which Logicor also won in 2020, reflects our commitment to working closely with our network of agents and advisors to help our customers grow and thrive.
The Fund / Property Company of the Year category is voted for by over 1,000 UK industrial and logistics agents as members of the Industrial Agents Society. Highly regarded as the event of the year for our sector, this year we were all able to attend in person for this special occasion.
Charlie Howard, UK Managing Director at Logicor, commented ‘It is a real honour for us to win this prestigious award again this year. It is testament to the customer centric hard work of the entire Logicor team. Being voted for by the UK market is special and collecting the award on behalf of Logicor at the awards ceremony in London with 540 agents, developers and investors in attendance was a wonderful moment for the team’.
Logicor is also proud to have, once again, sponsored the category of Deal of the Year 100,000 to 250,000 sq ft. Congratulations to Barberry, winners of this award for Project Meteor Tewksbury and to all the other worthy winners this year.
Join UK Managing Director Charlie Howard and the React News Webinar panel on 15 June to discuss ‘What occupiers really want’
Logicor’s UK Managing Director, Charlie Howard will be taking part in the React News Webinar ‘Shed Club Heaven: What occupiers really want’ on 15th June from 12:30 to 1:30 pm.
Hosted by React News’ Editorial Director David Hatcher, the panel will be exploring what investors and developers need to do to help take their tenants to the next level. Charlie will be joined on the panel by Ben Wiley, Head of Industrial & Logistics Agency at BNP Paribas Real Estate, Christopher Webb, Founding Partner at Firethorn Trust and Angus Ford, Partner at Eversheds.
Charlie Howard says: “Each of our customers has their own distinctive needs and need committed partners who can anticipate and adapt to change. At Logicor, we aim to be our customers’ logistics partner of choice by listening to those needs and working together – as one Logicor team and with our customers – to provide solutions at a national and local level. “I’m looking forward to discussing this very important topic with React News, the panel and the those attending in what I’m sure will be a lively debate.”
Click here for more information and to register for the webinar.
Logicor recruits Tom Blakely from DHL
Logicor, a leading owner and operator of logistics real estate in Europe, today announces it has appointed Tom Blakely as Director of Asset Management within their UK Asset Management team.
Tom joins the Logicor team to work alongside Anthony McCluskie, Jack Garrett and the wider UK team, asset managing Logicor’s UK’s extensive logistics and industrial portfolio.
Logicor’s UK portfolio totals approximately 31.5 million sq ft of industrial, logistics and business space across over 170 high-quality distribution locations, with almost 70% of its UK assets located in the Midlands ‘Golden Triangle’ and the South East.
Charlie Howard, Logicor’s Managing Director, UK, said, “At Logicor we work very closely with our customers to find their ideal business space to suit their needs. We are delighted to have Tom join the UK team and bring his customer centric experience to Logicor.”
Tom Blakely adds: “I am thrilled to be joining Charlie and the team at Logicor during such an exciting time in the logistics market. Demand for this sector remains strong and the appetite from both occupiers and investors shows little sign of waning. Alongside the well established team I am looking forward to working with Logicor’s existing and future customers on various interesting projects.”
Tom joins Logicor from DHL where for the past five years he was Regional Real Estate Manager within their Corporate Real Estate team, responsible for the property portfolio spanning the West Midlands, M6 Corridor, North West and Ireland. Prior to joining DHL, Tom worked for 10 years as a Senior Associate Partner within the National Logistics team at Gerald Eve.
Logicor UK wins Property Company of the Year at the 2020 IAS Awards
We are extremely delighted to have won the IAS Awards 2020 Property Company of The Year, as sponsored by JLL. This is the third time in five years that Logicor has been awarded this prestigious title, having won in the same category in 2016 and 2017. This award is voted for by over 1,000 UK Industrial and Logistics Agents, making it highly regarded within our sector.
A massive congratulations to the UK team, and the wider Logicor team for another fantastic win this year, we are incredibly proud. It follows recent Deal of the Year and Best Asset Management Initiative Awards won over the past 3 years as well. An amazing achievement for all involved.
Congratulations also to all the other winners and a big thank you to the sponsors for their support at this year’s virtual IAS Awards ceremony.
Well done Team Logicor.
Logicor appoints Eva Gkenakou as Director of Sustainability
Driving our sustainability strategy
Logicor has made a strategic hire to support the company’s sustainability strategy, with Dr Eva Gkenakou joining as Director of Sustainability.
Michael Slattery, Logicor CEO, said: “I am thrilled that Eva is joining our team. This key hire
will help advance our sustainability strategy to the benefit of all of our stakeholders, including
customers and communities. Eva is an experienced sustainability professional with deep
expertise across the real estate environment which will enable us to continue improving our
sustainability performance across our European logistics portfolio and business operations.”
Dr Gkenakou has 15 years of sustainability experience, driving operational efficiency and
resilience across real estate. She joins from Multiplex Europe, where she was Sustainability
Director responsible for multiple strategic projects, including setting and delivering zero carbon
strategies, improving wellbeing for people on building sites through launching new assessment
standards, and delivering wide-ranging sustainability training programmes.
Dr Gkenakou is a member of several sustainability associations including the UK Green Building
Council, and the Institute of Environmental Management and Assessment. She also holds a PhD
in Chemistry from the University of Southampton, an MSc in Environmental Engineering from the
University of Manchester and an MSc in Chemistry from the National and Kapodistrian University