GLP ANNOUNCES LEASE OF 275,000 SQ FT DEVELOPMENT TO AO LOGISTICS
7th October 2020
07 October 2020 – GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces that it has leased a 275,000 SQ FT unit at G-Park Stoke, in Stoke on Trent, to AO Logistics, one of the leading home delivery providers of white goods in the UK. AO Logistics is a new customer for GLP.
The development has been leased on a five year term and benefits from best-in-class specification, including a clear height of 15 metres, 28 dock levellers, four level access doors, a 50 metre service yard, 70 HGV parking spaces, 166 car parking spaces, a gatehouse and three-storey offices.
AO Logistics intends to use the facility to support the continued growth of its operations across the UK.
Located within an established commercial area, G-Park Stoke is situated in close proximity to the M6, which enables easy access to the North West and West Midlands, as well as the M1 which provides access to London and the North East.
GLP was represented by CBRE, JLL and Moriarty & Co, and AO Logistics was represented by Jon Atherton of Savills.
Adrienne Howells, Development Director at GLP Europe, said: “We are excited to welcome this new customer into our growing portfolio and look forward to working together to support AO Logistics’ expansion. Following exceptional demand for the space at G-Park Stoke, we now have only one plot of up to 128,000 SQ FT logistics space basis available.”
Cllr Abi Brown, leader of Stoke-on-Trent City Council said: “This is welcome news for the city. Having a major, growing business such as AO Logistics located here demonstrates how Stoke-on-Trent is powering up. It will bring up to 200 jobs new jobs to the city on a site that has been vacant for over 10 years. It’s a real boost to Stoke-on-Trent and the local economy.”