Deals

DPD signs 10 year lease on prime last mile logistics warehouse in Dartford

DPD signs 10 year lease on prime last mile logistics warehouse in Dartford

Acting for M&G Real Estate, Glenny and Colliers International have let Orbital 48 in Dartford to parcel service operator DPD on a 10 year lease. 

Orbital 48 is a 47,888 sq ft new build distribution unit in Littlebrook, Dartford, which boasts direct access to Central London via the A2, A20 and A13, and is in proximity to the various ports and airports catering to the South East and London supply chain, as well as being situated within a 30 mile radius of 4.7 million households.

Ivan Scott, Divisional Partner in Glenny’s Business Space Agency team and Head of London & South East said: “Demand for industrial and logistics space remains strong, hitting a peak of 21 million sq ft in Q3 2020, a third higher than the previous peak level recorded in Q3 2018. While it’s been an unfortunate period for many sectors, we remain positive about the industrial market which continues to flourish as occupiers seek prime last mile space to match growing consumer demand.”

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