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Bedford Link property signed to Carlton Packaging

 Carlton Packaging, a supplier to the e-commerce sector, has signed up for 172,000 sq ft of new warehousing in Bedford.

The deal with landlord LondonMetric Property sees Carlton pay a rent of of £1.33 million a year, (£7.70 a sq ft), which is subject to five-yearly rent reviews which will mean rents grow CPI plus 1% or at the open market rate, whichever is higher.

The recently developed warehouse is BREEAM Excellent and, under the terms of the letting, 250kW of solar PV will be installed.

Mark Stirling, Asset Director of LondonMetric, said: “We continue to make good progress with pre-letting the final warehouse at Bedford Link, which totals 360,000 sq ft and is due to complete at the end of this year.”

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