Harworth Group and Knight Frank Investment Management have signed a tenant for a 149,300 sq ft warehouse at Multiply Logistics North, which is understood to be Amazon.
Multiply is the commercial development scheme at Harworth’s Logistics North site in Bolton. It comprises 430,000 sq ft of high-quality warehouse space across nine units and more than six acres of development land, with consent for a further 131,000 sq ft facility.
It is understood that the online retail giant will occupy unit F2/G at the scheme.
The jv has completed five leasing deals at Multiply since the end of 2019, with tenants including PJH Group, Solus, the Incontinence Shop, and a pharmaceutical supplier. There is one empty 50,800 sq ft unit remaining, which is under offer.
Harworth initially received outline planning consent for Logistics North at the end of 2013. The site’s other occupiers include Aldi, Whistl, MBDA, Greene King, Costa and Komatsu.
Harworth and the LPPI Real Estate Fund, managed by KFIM, set up their joint venture in 2017.
Steven Knowles, regional director for the North West at Harworth, said: “The quality of the tenant mix and speed at which we have been able to complete lettings reflects the high specification of the individual units and accessibility of the scheme, and the shortage of suitable warehouse space in the North West, as well as Harworth’s market-leading ability to remediate and transform brownfield and unused land.”
John Styles, partner at KFIM, said: “The pandemic and structural changes in the retail market have driven robust demand for the units at Multiply Logistics North, which has translated into new lettings activity at attractive rental levels.”
B8 Real Estate, JLL and Knight Frank are acting as joint agents for Multiply.
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