Melburg Wins CoStar’s Q2 2023 Deals Award following XPO Logistics Letting
CoStar Group inc. announced the CoStar Awards Quarterly Deals winners for the second quarter of 2023 with Melburg’s XPO Logistics [XPO] lease at Voltaic coming top in the Top Industrial Leasing Deals for Yorkshire & Humberside. The CoStar Awards Quarterly Deals winners are determined by the top deals executed every quarter, based on price and square footage and Melburg secured the win for the pre-let of the entirety of Voltaic, Wakefield 41 to XPO.
XPO has committed to a 10-year lease term with a break in year five, as well as extensive tenant works above the agreed specification.
Melburg bought the property off- market in the first quarter of 2022 and has undertaken a wholesale repositioning of the facility, which is due to complete in August. XPO will use the facility to service its ongoing contracts with Saint-Gobain, which has a number of construction products brands, such as British Gypsum and Sani-Tech.
Melburg was represented by Dave Robinson (Cushman & Wakefield), Rob Oliver, Jake Pygall (Avison Young), Tom Cooley (Cushman & Wakefield).
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For the award winners list, please click here.
For more information surrounding Voltaic, please click here.