Legal & General is to take its new pre-fabricated homes business to Logic’s Big 555 warehouse at Sherburn Distribution Park, Leeds.
The insurer, who announced today they were creating a new division, L&G Homes, to create 3,000 prefabricated homes a year, has signed for the 556,000 sq ft unit at Sherburn.
It has been touted as the UK’s largest available warehouse unit – but it is now off the market, tightening supply even further in the Yorkshire logistics property market.
Logicor had been hoping for rents of £5 a sq ft.
A statement is awaited from Logicor.