Green light for Co-op prelet distribution site

Tritax Big Box REIT has received planning permission for a new 661,000 sq ft distribution centre at Symmetry Park in Biggleswade, Bedfordshire, which has been prelet to the Co-op Food Group. This marks the first prelet development made by Tritax Big Box’s logistics business, db symmetry (DBS), which it acquired for its land portfolio in February 2019. Contracts were exchanged in November last year for Co-op to take up a 20-year lease at the building, which is earmarked for completion in early 2021. The agreement follows Co-op’s aim to expand its presence in London, the South and the South East.