Icon Industrial, the joint venture between TPG Real Estate and Stoford Developments, has revealed it has let a speculative warehouse and logistics development in Harlow to an international logistics firm.
The 69,295 sq ft space was let by Verhoek Europe on a 10-year lease at Icon Harlow in Essex.
The Dutch-based Verhoek Europe expects to be operational in the new building by the beginning of January 2021. Verhoek is the latest occupier to move to Icon Harlow following the sale of Unit A, a new 69,872 sq ft head office and logistics development, to specialist food importer and distributor, SOP International.
Commenting on the move, Angus Huntley, Development Manager, Stoford Developments, said: “We’re pleased to welcome another dynamic and successful business to Icon Harlow. Verhoek Europe joins a strong and growing list of occupiers that have chosen to expand their operations and benefit from Harlow’s excellent connection to north London, M25 and M11 corridors. There is increased demand for high-spec warehouse and logistics accommodation in the London-Stansted-Cambridge corridor and we’re excited by what we can offer occupiers at Icon Harlow.”
Situated within the established London-Stansted-Cambridge corridor, Icon Harlow is conveniently located just 30 miles north of central London and nine miles from the M25.
Icon Harlow is the second development by Icon Industrial, and the joint venture firm also has a third building available in the same location – the highly specified, 98,533 sq ft, ‘Unit B’ warehouse.
Jake Huntley, Partner at DTRE, said: “Icon Harlow provides much-needed warehouse accommodation in one of the most constrained markets in the South of England. The letting to Verhoek, a third-party logistics operator, illustrates the strength of the location for distributors. The industrial and logistics market has shown its resilience over the past 12 months and we expect this to continue into 2021.”