AMAZON SET TO BE £700M HUB’S FIRST TENANT

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Amazon will be the first tenant of a £700m distribution hub near East Midlands Airport, Insider understands.
The online retail giant has agreed a deal to occupy a 500,000 sq ft unit at Segro Logistics Park East Midlands Gateway, next to junction 24 of the M1, creating 3,500 jobs.
Insider also understands that third party logistics group XPO is close to signing a lease for a 700,000 sq ft building at the 700-acre site. It will operate the facility on behalf of food group Nestlé, a move which will create thousands more jobs.
The Amazon site is expected to be completed by April 2019, while the XPO unit will be built by mid-2019. Both leases would be for at least 15 years.
The distribution park, which will include a rail freight terminal, is owned by SEGRO and is being developed by Rugby-based Roxhill. The park is expected to have around ten distribution units.
Kate Bedson, Roxhill’s senior development director, declined to confirm the names of the two occupiers, only saying one was "a leading online retailer" and the other was "a third party logistics business".
She said Segro was "quite close" to securing a lease from an occupier for a third unit.
The development will create a total of 7,250 jobs, 900 construction jobs and 3,000 indirect jobs.
The rail freight hub links directly to the Castle Donington freight line, which provides access to major UK ports such as Southampton, Felixstowe and London Gateway.
Segro-funded highways improvement work to the A453, which runs past the site, and junction 24 of the M1, will be completed by October this year.
Burbage Realty, CBRE and Savills are agents for the scheme.

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