Schroders Capital UK Real Estate Fund has agreed a prelet of a 58,320 sq ft industrial unit at Revolution Park in Wolverhampton to DPD.
The unit is part of phase one of the Revolution Park development, with phase two set to come soon.
The building was designed to have a net-zero-carbon specification, targeting BREEAM Excellent accreditation and an EPC A+ rating. The development will also feature solar panels and electric vehicle charging points.
The agreement follows on from an active 2021, which saw SCREF completing 633,856 sq ft of transactions and a £345m industrial swap deal with SEGRO.
Jessica Berney, fund manager of Schroders Capital UK Real Estate Fund, said: “To cater for the growing demand for industrial space, we are continuing to develop and refurbish our existing industrial assets across the UK. This allows us to increase our exposure to the sector without having to pay high prices for new assets in a very competitive market.”
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