MJT Securities and Laindon Holdings, advised by Glenny, has let Dunton Distribution Centre in Basildon, Essex, to P2P Mailing Ltd., an independent distribution provider specialising in e-commerce.
The 157,000 sq. ft. vacant warehouse, which includes 13,215 sq. ft. of office space, was let off-market to P2P, which suffered fire damage at its previous Basildon depot, so needed to promptly source a new, viable premises in close proximity to its old unit.
Jim O’Connell, Divisional Partner in the Business Space Agency team at Glenny, said: “The letting of this substantially-sized warehouse represents a successful outcome for both landlord and occupier. The letting was concluded extremely swiftly, which not only minimised disruption and disturbance to P2P and its clients, but also ensured the landlord’s void costs were significantly reduced.”
Relocating P2P within Basildon also ensured a number of high-value jobs were retained within the local area.
Glenny acted as joint agents alongside Savills on the deal, which represents the largest warehouse letting in Basildon for over 10 years.