As demand for high-quality sustainable warehouse space strengthens, Logicor, one of Europe’s leading owner, manager and developer of logistics real estate, has leased an additional c. 26,500 sq ft to existing customer Redhill Manufacturing, at Logicor’s Lakeside Industrial Estate, Redditch, Worcestershire, UK.
A customer in Unit 3 since 2021, Redhill Manufacturing were looking for new facilities to support the business’ expansion and growth. With a prime location just 15 miles south of Birmingham, the business signed for an additional three units, taking their total space occupied to 52,000 sq ft.
Over the next three months, the new units will be upgraded, from EPC rating ‘E’ to ‘B’, with increased energy efficiency from LED lighting and PVC windows, as well as new heating and cooling systems. The site will also benefit from a mezzanine, bike racks to encourage sustainable travel for Redhill’s locally based workforce, and fast-action roller shutter doors for easy access.
Bill Martyn-Smith, Asset Manager at Logicor, UK comments:
“We’re thrilled to have worked closely with Redhill Manufacturing to identify the right space for their expansion needs. At Logicor, supporting our customer’s growth ambitions is core to what we do and why we work in partnership with them to truly understand what they need now and might need from their space years in the future.”
“Assets in prime locations that improve business connectivity remain in high demand, as demonstrated by this expanded partnership with Redhill Manufacturing. This deal builds on what has already been a record-breaking year for our leasing activity – and we’re proud that our customers continue to trust us to deliver best-in-class warehouse space, that caters to their evolving business needs.”
Andy Colley of Redhill Manufacturing, comments:
“We’re immensely excited about our new facility and the future opportunities we face as we move into an important new phase of expansion and growth. The refurbished, purpose-built facilities will provide us with much greater capacity for incoming materials and extensive storage for assembled products, enabling us to significantly increase output while reducing lead times.”
LSH and Harris Lamb will be marketing Unit 3 when Redhill vacate at the end of the year.