Drake & Partners (acting alongside Newmark) have let DC4 Apex Park to Chinese logistics firm Cainiao.

The building had been fully refurbished by Prologis, to provide Grade A warehouse/logistics space and furthermore had been fully racked out, to aid a new occupiers move in and set up costs. This initiative proved invaluable for Cainiao.

Tom Price, Leasing Director at Prologis UK, said: “Cainiao’s decision to locate at Prologis Apex Park in Daventry reflects the strength of the Midlands as a core logistics location, as well as continued investment from Chinese ecommerce businesses into the UK”.

Tom Drake, Partner at Drake & Partners confirmed: “Since the construction of the new link road between J16 of the M1 and Daventry, the town has proved increasingly popular with logistics operators, and we have seen developers and investors commit more to Daventry as a result. In the case of DC4, Prologis’ decision to speculatively rack the warehouse so that an occupier could move straight in proved a successful initiative and it set itself apart from other buildings in the wider region. We were delighted to help them find a solution on this building and this is the completion of a wider project for Drake & Partners, relocating Hankook Tyre from DC4 to a larger premises of 360,000 sq ft on Apex Park and then advising on the re-letting of this building”.