Ikea confirms letting of 450,000 sq ft in Dartford
450@thepowerhouse is currently under construction and next to the 2.3 million sq ft distribution centre pre-let to Amazon by the JV partners, as revealed by Property Week last year.
The development on the site of the former Littlebrook power station is next to the Dartford-Thurrock River Crossing on the south bank of the River Thames.
A planning application was submitted in July for the next phase of the scheme, which includes a 300,000 sq ft logistics unit to be constructed to BREEAM ‘Excellent’ certification standards, which will be available for occupation in Q3 2022.
Jonathan Maher, development director at Bericote, said: “This letting underpins Bericote’s ongoing commitment to creating highly specified, modern and adaptable industrial and logistics solutions in strategic locations across the UK. The pre-letting during construction of this speculative development underlines the strength of the market and the very attractive attributes of the site and we look forward to repeating the same success for the next phase of the development.”
Charlie Withers, director of development for Tritax Management, added: “Securing a 15-year letting at thepowerhouse to another high quality occupier, further validates our strategic focus on development. The new tenant, will join Amazon at what is becoming the preeminent logistics location in the UK’s South East.”
An IKEA spokesperson said: “We’re delighted to confirm that IKEA UK has pre-let a unit at The Power House development project in Dartford.
“This exciting investment forms part of our ongoing transformation to become even more affordable, accessible and sustainable, accelerating our omnichannel approach to meet our customers wherever and whenever they need us, irrespective of where they live or whether they visit us in-store or online.
“As we continue to step up our sustainability commitments, guided by our established strategy to become People & Planet Positive by 2030, we were also attracted by the site’s significant biodiversity enhancement and habitat creation plans, which have informed the UK Green Building Council’s Nature Based Solutions best practice guidance for the industry.”
Bericote and Tritax were represented by DTRE and JLL. IKEA was advised by Colliers.
Mitchell LabiakWed 25 August 2021