On-demand grocery delivery company Getir has taken 110,925 sq ft of industrial space at Railpen and Wrenbridge’s Waltham X industrial space.
The app-based company is to occupy three of the site’s six units, after the development was completed this summer near Waltham Cross, a commuter belt town outside of London.
Railpen and Wrenbridge did not disclose the length of the lease term, but said it would provide “a secure income stream” for the fund.
Railpen is the investment manager for the £35bn Railways Pension Scheme.
It built the Waltham X site as a new grade-A sustainable logistics space, with Wrenbridge as development partner.
Alastair Dawson, senior asset manager at Railpen, said: “The signing of Getir for such a significant proportion of Waltham X demonstrates the quality of product that we have successfully delivered here in a premier location.”
Jeff Wilson, director at Wrenbridge, added: “Waltham X is a brilliant location for logistics and industrial tenants, as evidenced by Getir taking up such considerable space.
“With demand for logistics and warehouse space soaring, we expect considerable interest in the remaining units.”
Separately, the investor-developer duo has prelet 30,000 sq ft of space at its Dartford X scheme outside London to food distributor Leathams.
The company has taken one unit of the 185,000 sq ft, five-unit scheme. The four remaining units range in size from 13,000-75,000 sq ft.
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