Routeco agrees pre-let deal for multi-million-pound new warehouse

One of the UK's leading distributors of industrial automation and control products has signed a pre-let agreement on a multi-million-pound new warehouse being developed in Buckinghamshire, commercial property consultancy Kirkby Diamond announced today.
 
Routeco has signed a 20-year lease on unit one - a high-specification, 72,411 sq ft Grade A warehouse and office headquarters building currently under construction at Shenley Wood in Milton Keynes.
 
The deal means the company can consolidate its existing three Milton Keynes sites into one headquarters, retain its current workforce and create new jobs for local people.
 
Developer Hampton Brook is delivering two warehouse units on the site, which totals 144,222 sq ft at the heart of the Oxford/Cambridge Arc.
 
Both units will be delivered simultaneously to a BREEAM Excellent standard and EPC rating of A+. At unit two there will be 10 vehicle charging points, solar panels, cycle storage, and water regulation technologies. It will have 90 parking spaces, three dock level and three level loading doors, 21 HGV loading bays and first floor open plan offices. The 71,810 sq ft unit will comprise a 65,551 sq ft warehouse and 6,259 sq ft office space.
 
Eamon Kennedy, senior partner and head of industrial and logistics at Kirkby Diamond, said:

“We are delighted to announce that a 20-year lease has been agreed by Routeco on unit one at Hampton Brook’s new Shenley Wood industrial/warehouse development. 
 
“Routeco is a very successful local business which has enjoyed continuous growth while operating in Milton Keynes for many, many years. The company was keen to remain close to its roots in the city where it already has three premises. 
 
“The new headquarters at Shenley Wood suits its requirements perfectly and allows it to consolidate its operations in one major facility, while retaining its existing workforce and potentially recruiting more local people as it grows.”
 
Routeco was formed in Milton Keynes in 1978 and has established itself as one of the UK's leading distributors of industrial automation and control products and has enjoyed an impressive period of sustained and continuous growth. Routeco has four UK customer service centres – in Milton Keynes, Bristol, Manchester and Leeds - and employs over 300 associates. 
 
Kirkby Diamond is currently marketing the remaining 71,810 sq ft leasehold opportunity at unit two.

For enquires, please contact: Eamon Kennedy on 07887 835 815.