Brierley & Coe report that the global e-tailer Amazon has signed for what is regarded as Europe's largest ever logistics pre-let. In addition, the unit they are taking is one of the most revolutionary buildings of its type.
The 2.2m sq ft unit at the 70 acre London Distribution Park in Essex is the Uk's first four-storey warehouse and, standing at 70 ft , the tallest building of its type.
Amazon will incorporate its latest technology including Kiva robots that can carry large heavy parcels.
It is reported that the development is being forward funded by Legal & General through its annuity fund with Amazon signing a new 20 year lease.The £150m transaction creates Europe's largest industrial investment deal !