Indurent, developer, owner and operator of industrial and logistics space across the UK, has fully let its Stoke Central warehousing park after agreeing a new 15-year lease with Ocado, the online grocery retailer.
Ocado has taken the scheme’s final available unit, C55, which spans over 55,000 sq ft. Park Stoke Central is a 530,000 sq ft industrial and logistics space and part of the 300-acre Festival Park development in Stoke-on-Trent. The development was delivered in two phases between 2020 and 2023.
Located close to the A500, Indurent Park Stoke Central provides connectivity to the national motorway network, enabling occupiers to serve customers efficiently across the UK.
C55 has been delivered to a high sustainability specification, achieving a BREEAM ‘Excellent’ rating and EPC A certification. The building also incorporates rooftop solar PV and EV charging infrastructure, which Ocado will use to house, maintain and charge its growing fleet of electric delivery vehicles.
George Goldsmith, Senior Asset Manager at Indurent, commented:
“Securing Ocado as the final tenant at Indurent Park Stoke Central is a significant milestone for the scheme and reflects the continued strength of demand for high-quality industrial and logistics space in strategically located markets. Reaching full occupancy across the park demonstrates the appeal of modern, sustainable buildings with excellent connectivity, and reinforces our commitment to delivering space that meets the evolving needs of our customers.”
Danny Kennedy, Senior Property Strategy and Development Manager at Ocado Retail commented:
“We are always looking for ways to support our growing customer base whether that is identifying new sites or maximising the capacity of our current infrastructure. Confirming the new spoke at Stoke is a great example of this, and it will enable us to deliver to even more customers. While work has only just started, we expect the site will be up and running later this year, creating hundreds of new jobs in the process.”
