Railpen and Wrenbridge have signed a major new occupier, Leathams Ltd, a food supplier and distributor, at Dartford X. Leathams Ltd have taken a pre-let of 30,000 sq ft at the site. Dartford X covers nine-acres and was acquired by Railpen in December 2019. Railpen’s development partner Wrenbridge have delivered five new Grade A warehouse units ranging in size from 13,000 sq ft to 75,000 sq ft. The warehouses all have excellent sustainability credentials, with Dartford X achieving a BREEAM Excellent rating. All buildings are highly insulated, have PV panels on the roof, and contain water-saving features and energy-efficient lifts. There are also electric vehicle charging points across the site (20 per cent active and 80 per cent passive).
Alastair Dawson, Senior Asset Manager at Railpen, says: “We are delighted Leathams have taken space at Dartford X. Leathams choosing Dartford X shows the park can accommodate major companies wanting to operate from high-specification buildings with excellent access to Central London and the M25 at an affordable price. The industrial and logistics sector form a key part of Railpen’s portfolio at a time when the sector is hugely important to the UK’s economic recovery.”
Martin Sandler, Real Estate Director at Leathams, says: “Dartford X is a brilliant location for Leathams. Its proximity to major motorways and transport infrastructure giving us access to Folkstone/Felixstowe for our inbound goods as well as our outbound distribution to London and National, are a key part of its appeal. Dartford X’s green credentials, the ceiling heights, large yard and generous power supply are important too, particularly as we plan to install a new chilled box as part of our fit-out. The outlook over plentiful green spaces and lakes will also be great for our Colleagues from a wellbeing perspective. We look forward to occupying the space and a long-term relationship with Railpen.”
Harry Gibson, Associate Director at Wrenbridge, says: “The transaction with Leathams Ltd highlights the demand for high specification accommodation in key locations such as Dartford. We have enjoyed working closely with Leathams, and we look forward to growing the relationship further throughout their fit-out and seeing how they utilise the building’s specification and sustainability measures.”
Dartford X is owned and managed by Railpen, the investment manager for the GBP35 billion Railways Pension Schemes and developed in partnership with Wrenbridge.
CBRE, Cushmans and Glenny represented Railpen.