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East Midlands to become E-tailing hub says Ian Muxlow of Savills

wantspacegotspace.co.uk - East Midlands to become E-tailing hub says Ian Muxlow of SavillsAccording to a recent report on e-tailing conducted by Transport Intelligence in association with Savills, the East Midlands is likely to emerge as a hot-spot for e-tailing related distribution warehouses over the next five years.

The research targeted the two key players in the market: ‘traditional’ retailers, such as supermarkets and department stores, and logistics providers including express parcel companies and ‘e-fulfilment’ companies for instance,

Amazon, Norbert Dentressangle and iForce.  Key findings suggest retailers could take up to 50 million sq ft of warehouse space over the next five years, of which 13 million sq ft, (26%), will be driven by online sales and the consequent expanding UK e-tailing operations.

Of the forecasted growth, 60% of survey respondents believed that demand for distribution warehouses would result in growth of e-fulfilment in key locations in the UK.  The East Midlands was a clear forerunner, favoured by 43% of respondents compared to Greater London, which was the first choice for only 17%.

Ian Muxlow, director at Savills Nottingham, comments: “2013 has seen a noticeable increase in enquiries from logistic providers who are looking for warehouse space in a strategic location that offers quick and easy access to the majority of the UK. As the growth of e-tailing accelerates, the logistics sector will continue to adapt to accommodate new requirements and we anticipate interest in the East Midlands to increase.”

Highlighting the benefits of the East Midlands, DPD, the parcel delivery firm, recently announced plans to invest £100 million in a new parcel sorting hub at Hinckley Commercial Park in order to accommodate the success of its one-hour delivery timeslot for parcels.  The move is expected to create 1,500 additional jobs.  Meanwhile, Marks and Spencers has started operating a 1,000,000 sq ft (92,900 sq m) warehouse solely for online business from the East Midlands Distribution Centre at Castle Donington which Savills is jointly appointed on with FHP. Clowes Developments can accommodate an additional unit or units up to 550,000 sq ft (51,100 sq m) at the scheme.

Ian continues: “With limited good quality stock, the demand for warehousing space in the East Midlands is presenting interesting opportunities for key sites that have the potential to house large distribution centres and as a result the possibility of speculative development.”

Posted by The Editor (wantspacegotspace) on 16th September 2013

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