Amazon is widely thought to be the mystery occupier behind the letting of Harworth and joint venture partner LPPI Real Estate Fund’s 149,300ft2 unit at Multiply Logistics North near Bolton in the North West.
“The pandemic and structural changes in the retail market have driven robust demand for the units at Multiply Logistics North, which has translated into new lettings activity at attractive rental levels,” said John Styles, partner at KFIM, which manages the LPPI Real Estate Fund.
B8 Real Estate, JLL and Knight Frank are joint agents for Multiply
The 430,000ft2 scheme is let to a diverse mix of regional and national occupiers, with unit specifications that include a BREEAM rating of ‘Very Good’, office space comprising 5-10% of the overall internal area, and secure service yards with 38-50m depth. There remains a single unit of 50,000ft2 plus a development plot which could take a unit of up to 131,000ft2.
