X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON- Deutsche Post has taken a pre-let on a 164,620 sf unit at Sun Life’s Dawley Park warehouse scheme on Dawley Road, Hayes, Middlesex, at an initial rent of £11.35 ($16.11) per sf. A new 30-year lease has been agreed and a six-month rent-free period was granted.

Deutsche Post’s UK subsidiary Danzas will occupy the building, using Dawley Park’s last remaining 6.9 acres. The facility fronting Dawley Road will include around 36,000 sf of offices. Construction has already started and is scheduled for completion in February 2002.

The 14 acre Dawley Park development project occupies the former Thorn-EMI site at Hayes, and the prelet to Deutsche Post follows previous lettings of 140,000 sf to Hawker Pacific Aerospace and 35,000 sf to John Guest. AXA REIM, manager of the Sun Life fund, was advised by Rogers Chapman and CB Hillier Parker .

Richard Sullivan at Rogers Chapman said: ‘This letting demonstrates the continued demand for large sheds by major freight forwarding companies. The deal sends out a strong message that despite a perceived downturn, the warehouse/industrial market in West London is still extremely buoyant.’Property Consultant John Richardson acted for Deutsche Post/Danzas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.