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Hermes Parcelnet takes 78,650 sq ft Weybridge warehouse

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Hermes Parcelnet has signed for an 78,650 sq ft warehouse facility in Weybridge. The landlord is Oxenwood Real Estate, the UK and European real estate investment management firm.

The facility, Logistics 15, at Vickers Drive, West Park Industrial Estate, will serve as Hermes Parcelnet’s main south east depot for parcel deliveries. Hermes Parcelnet has signed a 15-year lease at a rent of £15.15 a sq ft.

The facility was acquired in June 2019 from the then occupier, Northamber, by Oxenwood for Oxenwood Catalina, its joint venture with Catalina Holdings (Bermuda) Ltd. It was leased back to Northamber on a short-term basis to allow the relocation of Northamber’s business.

Oxenwood was advised by Cogent Real Estate; Hermes was advised by Lambert Smith Hampton.

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