JP Morgan Asset Management and its joint venture partner, Graftongate, have secured a pre-let agreement with a global vehicle manufacturer for the first unit at Reading International Logistics Park.

The occupier has signed a 15-year lease on a 36,736 sq ft building, which marks the initial phase of development at the 8.5-acre site. The park has detailed planning consent for a c.160,000 sq ft last-mile logistics scheme, located adjacent to Jct 11 of the M4 motorway.

Construction of the unit is scheduled to begin this month, with completion targeted for Q1 2026. Magrock has been appointed as the main contractor.

Reading International Logistics Park was acquired by JP Morgan Asset Management and Graftongate in May 2025, as part of a new £500 million joint venture aimed at delivering high-quality, sustainable urban logistics space.

The scheme will comprise four prime warehouse units ranging in size from 25,262 – 67,704 sq ft, all designed with a strong focus on sustainability. Features will include photovoltaic solar panels, LED lighting and electric vehicle charging infrastructure, with the development targeting EPC A+ and BREEAM ‘Excellent’.

Reading International Logistics Park is strategically located at the heart of the east-west motorway corridor, just 40 miles from London, and provides immediate access to the M4, with excellent connectivity to the M25, M40, M3, and M5. The area is home to a number of major distribution and logistics operators including Tesco, DPD, DHL, Yodel, Argos, and 3663.

Haslams and DTRE acted for the landowner. The occupier was represented by Knight Frank.
For further information please contact joint agents, Jake Huntley and Maddie Moriarty of DTRE, and Neil Seager of Haslams.

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