Gazeley and Standard Life Investments have let their Ultrabox shed in Purfleet, Essex, concluding the largest single letting within the M25 in the last two years.
Carpetright has taken the 492,000 sq ft logistics facility on a 25-year lease, at rent believed to be in the region of £7 per sq ft.
Carpetright will base its Central Support Office (CSO) and national distribution arm at the site which is expected to be operational by October 2007.
WalMart subsidiary Gazeley completed construction of the £65m distribution facility in 2005.
Funded by Standard Life Investments’ Pooled Pension Property Fund, it was the largest spec build warehouse unit in the South East.
Standard Life Investments and Gazeley were represented by CB Richard Ellis and Savills.
