SHD Logistics is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Panther Group takes Gateshead DC

Panther Group takes Gateshead DC

The firm has signed a 10 year lease on a unit at at LGIM Real Assets’ 14 Follingsby Park site.

Northampton-based Panther Logistics will be using the new hub to offer its next day delivery service.

Follingsby Park is located in a prominent position on the A194 and is widely regarded as the North East’s premier distribution location. The unit was comprehensively refurbished in August 2016.

Cushman & Wakefield in Newcastle acted for the owner Legal & General Investment Management Real Assets (LGIM), on behalf of its UK Property Fund. Panther was represented by Knight Frank.

Matt Jarvis, Fund Manager of the Legal & General UK Property Fund, said: “We have recently completed a number of refurbishments initiatives at Follingsby Park as part of its comprehensive rebrand. As a result, we have seen significant occupier interest in the estate as demonstrated by this most recent letting to Panther Logistics.”

The depot is set to open in this spring.
 

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish