40,000FT² LET AT JUNCTION 28 M1 AS MEDEQUIP EXPAND WITH THE HELP OF FHP

Industrial/Warehouse News

A great way to start the New Year as Tim Gilbertson, Director at FHP Property Consultants, is pleased to announce the first deal of 2025 with the letting of over 40,000ft² of prime space just off Junction 28 of the M1 Motorway.

Acting on behalf of Legal & General, the deal agreed sees over 40,000ft² of space let to Medequip, an expanding medical company who are the leading provider of community equipment services to local authorities and the NHS throughout the UK.

Tim Gilbertson, who concluded the deal on behalf of the Landlord, commented:

“What a lovely start to 2025 this is, this prime Grade A refurbished space at Junction 28 has created a lot of interest and I am delighted to see that we have now completed the letting to a strong covenant as they expand and relocate to continue their position as the UK’s leading supplier of community equipment services to both the local authorities and the NHS.

A long term lease has been secured on the building which created good interest after extensive marketing with its recent net zero carbon refurbishment adding attraction to the occupier eventually secured.

This again shows a lack of similar available stock now in the marketplace but hopefully as the year progresses there will be more opportunities of similar calibre available in the market.

Andrew Firth, Medequip’s Operations and Commercial Director, commented:

“Medequip required a new distribution centre to consolidate our operations from existing sites in Alfreton and Derby which service our Derbyshire and Derby City Community Equipment Service contracts.  The net zero carbon property will contribute to our own decarbonisation aims as well as providing a more efficient and convenient centre for our local colleagues and customers.”

Tim Gilbertson concluded by adding:

“Hopefully, this letting is a good sign of a successful year to come for the industrial and distribution market throughout the East Midlands and with ongoing demand and limited space, we hope to bring news of further similar deals shortly but as ever, there is a demand for more space to come to the market to meet ongoing enquiries.”

For more information on this deal, please contact Tim Gilbertson of FHP Property Consultants on 07887 787 893 or tim@fhp.co.uk.

ENDS

Tim Gilbertson

16 January 2025