The parcel delivery firm, Paack Logistics UK has agreed to acquire a lease on a 195,143 square ft warehousing and logistics site in the West Midlands.
The site near Tamworth will serve as its main UK hub.
Avison Young acted on behalf of landlord Mileway on the deal, while Paack Logistics were advised by Roberts Van Wilshaw Chartered Surveyors.
Gordon Finlay, Operations Director, Paack Logistics, said:
“This facility will be our main UK hub and provides the perfect platform for our continued expansion.”
David Tew, Director, Avison Young:
“The high level of occupier interest we had in the unit and subsequent deal showcases the strength of demand in the market for Grade A product in strategic locations. We are delighted to have been able to identify Paack quickly and look forward to working with Mileway again in the future.”