Wrenbridge adds 400,000 sq ft of warehouse stock to pipeline
By Robert McAllister
In a joint venture with the private landowner, Wrenbridge have secured 25 acres in Rainham, close to the A13 adding a further 400,000 sq ft to the company’s warehouse/logistics pipeline which is now over 1 million sq ft. The site provides the ability for prospective occupiers to sign up to leasehold or freehold deals of all sizes. Jeff Wilson, Director commented “this is another key site to add to our growing pipeline of South East warehouse/logistics projects. We are open minded about freehold or leasehold deals and can deliver on any size up to 400,000 sq ft”. Wilson continued, “we are seeking to submit a planning application this year and will then decide how much space we deliver speculatively. We will also be seeking pre-lets or pre-sales in the meantime”. The scheme will be delivered in 2 to 3 phases over the next 5 years and will have an end value of £80 million and is likely to create up to 1,500 new jobs. Wrenbridge have retained Glenny, Avison Young and CBRE as leasing advisors.