News

Melburg and Investec Argo JV pre-lets warehouse unit at Edmonton Industrial Park

The joint venture partnership between Melburg and Investec Argo Property Fund has pre-let a 25,000 sq ft warehouse unit to J.W. Pike prior to completion of its highly anticipated Edmonton Industrial Park development.

The bakery ingredients supplier has taken unit A2 at the north London scheme on a new ten-year lease. The letting has been secured prior to marketing and the anticipated September completion of the fully redeveloped Grade A multi-let estate. A further 81,500 sq ft of urban logistics and trade counter units remains available to let, which can be combined to meet requirements. J.W. Pike joins several other global and domestic occupiers on the estate including Coca-Cola, DHL and Screw-Fix.

Situated on Nobel Road, N18, Edmonton Industrial Park benefits from close access to both the A406 North Circular and the A10, and provides a total of c. 200,000 sq ft of prime industrial space. Melburg and Investec Argo Property Fund acquired the scheme off-market in late 2018 and are in the process of a full refurbishment, including a new roof, cladding, flooring solution and services to provide as new prime accommodation with dedicated parking.

The marketing of the remaining units – ranging from 3,002 sq ft to 34,509 sq ft in size – is due imminently, with considerable interest already generated from logistics and trade counter occupiers seeking to take advantage of the scheme’s location and specification.

A spokesperson for Melburg said: “Within a brief window our asset management platform has repositioned Edmonton Industrial Park into a best-in-class scheme in a location benefitting from significant infrastructure investment all within 25 mins of Central London and two miles from the £900m Tottenham regeneration. The depth and range of occupiers now utilising the urban logistics space has transformed the sector and it’s income characteristics, creating significant opportunity for continued growth.”

For more information please visit the Edmonton Industrial Park website.

Original article posted here.