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LONDON-Schroders Exempt Property Unit Trust and Harbour Land have secured the first letting at Electra, their 225,000-sf speculative warehouse scheme in Canning Town, London E16. Building products supplier Commercial Ceiling Factors, has taken 36,275 sf on a 25-y ear lease at £8 ($12) per sf for a distribution depot to service the City and Canary Wharf.

Electra comprises ten buildings totalling 223,839 sf on a 13.5-acre site with planning consent for light industrial and warehouse uses. The remaining nine units vary between 11,042 and 53,064 sf and on completion the scheme will generate over £2 million ($3 million) per annum in rent.

Strutt & Parker and DE & J Levy are letting agents. Fuller Peiser acted for Commercial Ceiling Factors Charles Crossland of Strutt & Parker said: “This is the largest speculative development of its kind for this part of east London, where development potential has at last been recognised. Situated close to Canary Wharf and the City, and with easy access to the A13, M25 and M1, Electra is a prime location.”

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