The Nottingham office of leading global real estate adviser, DTZ, together with joint agents Lambert Smith Hampton (LSH), has successfully let a unit on Queens Drive Industrial Estate to FedEx UK Limited. The express delivery specialist has taken a five year lease on a phased rental basis.

FedEx required a well located unit in Nottingham which could enable the company to significantly expand its current operation in the city. Unit B, located on Crossgate Drive, comprises 27,446 sq ft of refurbished workshop/warehouse space with a large yard area. Queen's Drive Industrial Estate is also centrally located offering easy access to Nottingham city centre and the M1 motorway. 

Helen Longstaffe, Logistics Director at DTZ in Nottingham, commented: "We are delighted to have secured such a good quality tenant on this estate. Over the last six months, DTZ together with joint agents LSH, has secured a number of lettings for CBRE investors acting on behalf of the landlord totalling over 50,000 sq ft. Two further units are also under offer which means that the part of the estate in our client's ownership will be fully let. This demonstrates that even in a challenging market, provided units are in good condition and landlords are prepared to be flexible, lettings are being achieved".

Sean Bremner, Head of Industrial and Logistics at LSH in Nottingham, added: "Crossgate Drive remains a popular area for many occupiers, the take-up of vacant units there has been impressive and the calibre of occupiers very good.   It is pleasing to bring an international brand, such as FedEx, to our client's estate."

DTZ and LSH acted on behalf of the landlord whilst Orchard House Associates advised FedEx UK Limited.