Triple letting at Staffordshire industrial park

Global logistics firm Freight Management European is preparing to move onto a Staffordshire industrial park after signing up for three new warehouses.

The company has agreed a five-year lease on the new buildings at Marchington Industrial Estate, on Stubby Lane, near Uttoxeter.

The deal includes a single warehouse unit of 7,000 sq ft and two 5,000 sq ft buildings that have been converted into a new 10,000 sq ft facility.

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Freight Management European provides logistics and warehouse services across a wide range of industrial and commercial sectors including automotive, retail, defence, construction, aerospace, engineering and consumer goods on a worldwide basis.

The company plans to use the new units for long-term storage to support the fulfillment of existing contracts and is due to take immediate occupation following completion of works.

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Richard Walker, of Hortons’ Estate Ltd – which acquired Marchington Industrial Estate in 2013 – said: “We were confident that these new speculative units would let well given the strength of the market, lack of supply in the region and popularity of Marchington Industrial Estate.

“The estate continues to perform strongly in line with our active asset management strategy and we look forward to working with Freight Management European and supporting the company’s future growth.”

Hortons’ was represented by Paul Rushton at Rushton Hickman and David Willmer at Avison Young.

Business Live – West Midlands