Logistics company Clipper has taken a 340,000 sq ft industrial shed at Prologis’ Grange Park in Northampton at a rent of £5.90 per sq ft.
This represents a new record rent for Northampton, where space is at a premium.
A lack of development during the crash and a shortage of available space has seen rents shoot up in the area.
Prologis built the shed speculatively after buying the 19-acre site from a joint venture between British Airways Pension Fund and Evander Properties.
The scheme was completed in March.
Clipper will use the site exclusively for its contract with Intidex, the parent company of Zara, for its online sales.
DTRE and TDB Real Estate acted for Prologis; JLL acted for Clipper.
